Türkiye's industrial output hits 2-year high in February
Türkiye's manufacturing, mining, and energy sectors drive a remarkable surge in industrial output, marking the highest growth rate in two years
Türkiye's industrial production surged at a two-year high of 11.5% year-on-year in February, according to official data released on Monday.
The figure was up from 1.3% in January, the Turkish Statistical Institute (TurkStat) data showed.
Production posted an increase for mining and quarrying with 12.8%, manufacturing with 11.9%, and electricity, gas, steam and air conditioning supply with 7.7%.
On a monthly basis, the output increased 3.2% in February 2024, the strongest growth since March 2023.
The indices of mining and quarrying, manufacturing and electricity, gas, steam, and air conditioning supply gained 3.2%, 3.8%, and 0.3%, respectively, from a month earlier.
According to TurkStat data, the annual change rates of industrial production indexes, adjusted for calendar effects, are as follows:
| Years/Months | January | February | March | April | May | June | July | August | September | October | November | December |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 12.5 | 9.2 | 16.9 | 66.8 | 42.5 | 24 | 9.7 | 13.1 | 8.7 | 8.7 | 11 | 13.1 |
| 2022 | 6 | 12.3 | 8.1 | 9.5 | 7.1 | 8.1 | 2 | 0.9 | 0.1 | 2.3 | -1.7 | 1.8 |
| 2023 | 4 | -8.8 | 0.4 | -1.4 | 0.2 | 0.8 | 8.3 | 3.5 | 5.1 | 2.7 | 2 | 2.3 |
| 2024 | 1.1 | 11.5 |
Source: Newsroom
