Industrial output index slips
ISTANBUL- Anadolu Agency
Turkey's industrial output slipped 3.9% on a yearly basis in June, the country's statistical authority said on Aug. 16.
The calendar-adjusted industrial production index reached 109.8 in June, according to TÜİK.
Among the three main sub-indices, the manufacturing index posted the worst performance during the month, falling 4.6%.
The mining and quarrying index climbed 4.8%, while electricity, gas, steam, and air conditioning supply index rose 0.5% on an annual basis.
According to a survey conducted by Anadolu Agency last week, a group of 11 economists forecast that the calendar-adjusted industrial production index for June would go down 6.2%.
The term "calendar-adjusted" is used to refer to data without calendar and holiday-originating effects.
TÜİK data also indicated that industrial production fell 3.7% from a month earlier in June.
