Industrial production falls 2 pct on monthly basis

ISTANBUL - Doğan News Agency

AFP photo

Turkey’s industrial production fell by 2 percent in May on a monthly basis, limiting the annual increase at 2.4 percent, according to the Industrial Production Index data released by Turkish Statistics Agency (TÜİK) on July 8.

In the sub sectors of the industry, mining and quarrying production fell by 4.2 percent and manufacturing production fell by 2.3 percent, while electricity, gas, steam and air conditioning supply production rose by 1.1 percent in May on a monthly basis.

According to the main industrial grouping classification, the largest fall was in capital goods, a 7.8 percent decrease in May compared to the previous month.

The largest decrease in manufacturing sub sectors was in computer, electronic and optical products at 34.8 percent, followed by other transport equipment by 24.7 percent, and motor vehicles, trailers and semi-trailers by 12.2 percent in May 2015, compared with the previous month.

Manufacturing sub sectors that saw the highest increase were in machinery/equipment repair and installation by 33.6 percent. It was followed by the manufacturing of coke and refined petroleum products by 22.2 percent, with the manufacture of leather and related products rising 5.8 percent in May 2015, compared with the previous month.

Calendar-adjusted industrial production rose by 2.4 percent in May on an annual basis, as mining and quarrying production fell by 9.9 percent, manufacturing production rose by 3 percent, and electricity, gas, steam and air conditioning supply production increased by 3.8 percent, compared to the same month last year.