Türkiye's industrial production grows in December despite mining decline
Türkiye's industrial production increased by 1.6% year-on-year in December 2023, according to the Turkish Statistical Institute (TÜİK). This positive growth comes despite a 1.2% decline in the mining and quarrying sector.
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The manufacturing sector, a key driver of Türkiye's economy, saw a robust 2.1% increase compared to December 2022. This suggests continued strength in this crucial segment.
The electricity, gas, steam, and air conditioning supply sector experienced the most significant growth, climbing 4.5% year-on-year. This indicates continued development and investments in energy infrastructure.
Looking at month-to-month changes, industrial production grew by 2.4% in December. Manufacturing again led the way with a 2.9% increase, while mining and quarrying saw a smaller decline of 0.7%. The energy sector experienced a slight dip of 0.1%.
Overall, these figures paint a picture of a resilient Turkish industrial sector, showcasing growth despite challenges in the mining industry. (ILKHA)
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