Turkey: Industrial output rises 8.6% in Dec

– All sub-sectors of industry post rises in month, official figures show

By Gokhan Ergocun

ISTANBUL (AA) – Turkey's industrial production posted an increase of 8.6% year-on-year in December 2019, Turkish Statistical Institute (TurkStat) said on Thursday.

In the month, all the three main sub-indices — mining and quarrying, manufacturing, and the electricity, gas, steam and air conditioning — rose by 9.8%, 9.1% and 0.3%, respectively.

Industrial production is considered a vital indicator for the economy, as it is seen as a preliminary gauge for GDP growth.

However, the figure up by 1.9% in December, compared with the previous month.

Turkey's industrial production also saw an increase of 5.8% year-on-year in the last quarter of 2019.