Turkey's industrial output rises 5.6 percent year-on-year in July: TurkStat

Industrial production is considered a vital indicator for the economy, as it is seen as a preliminary gauge for gross domestic product (GDP) growth.

Among the three main sub-indices, the mining and quarrying index saw the highest annual rise in the month with 8.5 percent, TurkStat said yesterday in a statement.

The manufacturing index climbed 5.6 percent, while the electricity, gas, steam, and air conditioning supply index gained 3 percent during the same period.

On a monthly basis, the figure also surged by 3.5 percent in July compared to June.

Among all sub-sectors of the seasonal and calendar-adjusted industrial sector, mining and quarrying was the only sub-sector to see a decrease month-on-month in July falling by 1.9 percent.

Manufacturing index, and electricity, gas, steam and air conditioning supply index rose by 3.9 percent and 2.2 percent, respectively, in this period.

The term "calendar-adjusted" is used to refer to data without calendar and holiday-originated effects.