Turkey’s industrial production increased 4.7 percent in March, compared with the same month last year, the Turkish Statistical Institute (TÜİK) said in a statement on Friday.
Turkey’s industrial production increased 4.7 percent in March, compared with the same month last year, the Turkish Statistical Institute (TÜİK) said in a statement on Friday. Total output increased 2.2 percent from the previous month, the statement said.
The change surprised analysts who had forecast a rise of 1.7 percent on average and the new data was the strongest industrial output figure since October of last year.
Production had risen 1 percent in February year-on-year, reversing a 2.2 percent drop in January. The Mining and Quarrying Index increased 3.8 percent and the Manufacturing Index increased 5 percent. The Electricity, Gas, Steam and Air Conditioning Supply Index also increased 3 percent in March 2015, compared with the same month last year.
Source: dailysabah.com