Türkiye's annual Industrial Production Index reaches 2-year high in Feb.


  • World
  • Tuesday, 09 Apr 2024

ANKARA, April 8 (Xinhua) -- Türkiye's Industrial Production Index grew by 11.5 percent year-on-year in February, the sharpest growth in the past two years, the official data showed on Monday.

The data revealed significant increases across key sectors, with the mining and quarrying index rising by 12.8 percent, the manufacturing index by 11.9 percent, and the electricity, gas, steam, and air conditioning supply index by 7.7 percent compared to the same period last year.

On a monthly basis, the output increased 3.2 percent in February 2024, the strongest growth since March 2023.

When examining specific subsectors, the mining and quarrying index saw a 3.2 percent decrease, while the manufacturing and the electricity, gas, steam and air conditioning supply index rose by 3.8 percent and 0.3 percent respectively.

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