Breaking down the data further, the subsectors of the industry show varied performance. The mining and quarrying index demonstrated the most significant growth, rising by 4.9% compared to the same period last year. However, the manufacturing index saw a marginal increase of 0.4%, while the electricity, gas, steam, and air conditioning supply index surged by 8.4% in January 2024, compared to the previous year.
Despite this annual growth, there was no change in industrial production on a monthly basis.
Examining the subsectors of the industry in January 2024 compared to the previous month, the mining and quarrying index continued its upward trend with a 4.3% increase. However, manufacturing experienced a slight decline of 0.6%, and electricity, gas, steam, and air conditioning supply saw a moderate increase of 4.6%.
These figures reflect the complex dynamics within Türkiye's industrial sector, with certain subsectors showing resilience while others face challenges. Analysts will closely monitor future trends to gauge the overall trajectory of industrial production in Türkiye. (ILKHA)