Istanbul (Turkiye Khabar) Industrial production in Turkey increased by 6 percent year-on-year in April, marking the highest growth rate in the past eight months.
According to official data, the industrial production index (base year 2021=100) was largely driven by the performance of the manufacturing sector, which recorded a 6.8 percent increase compared to the same period last year.
Among sub-industrial sectors, mining and quarrying recorded a decline of 2.8 percent, while electricity, gas, steam, and air conditioning supply increased by 1.8 percent.
On a monthly basis, industrial production in April rose by 3.7 percent compared to March. During the same period, manufacturing output increased by 4.4 percent and mining output by 0.8 percent, while the energy sector recorded a decline of 2.8 percent.
Turkey’s Finance Minister Mehmet Şimşek commented on the figures, stating that despite increasing global economic uncertainty and external pressures, the positive trend in industrial production has continued.
He said that as a result of government policies, capital goods production increased by 8.2 percent, while medium- and high-tech production rose by 7.1 percent and 14.6 percent respectively.
According to the Finance Minister, the government is working to position Turkey as a major global production hub by promoting high-value investment and manufacturing.
