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Turkiye's industrial output dips 1.2% YoY in Apr 2023

14 Jun '23
1 min read
Pic: Shutterstock/thomas koch
Pic: Shutterstock/thomas koch

Insights

  • April 2023 industrial production index in Turkiye declined by 1.2 per cent YoY, with the non-durable consumer goods sector falling 1.8 per cent annually and 1.5 per cent MoM.
  • Manufacturing remained steady, but gas supply and other sectors dropped 4.3 per cent from April 2022.
  • On an MoM basis, overall industrial production fell 0.9 per cent.
Turkiye’s industrial production index for April 2023 revealed a year-on-year (YoY) decline of 1.2 per cent. The non-durable consumer goods sector, including textiles, saw negative change rates. The annual change for this sector stood at -1.8 per cent, with a change of -1.5 per cent month-on-month (MoM).

On closer inspection of industry subsectors, the manufacturing index remained steady, while the gas supply index—along with other sectors—fell by 4.3 per cent when compared to April 2022, according to data released by the Turkish Statistical Institute (TurkStat).

On an MoM basis, the country’s industrial production saw a decrease of 0.9 per cent. Specifically, the manufacturing index dropped by 1.0 per cent, whereas the gas supply index, along with other sectors, saw a marginal increase of 0.5 per cent compared to the previous month.

ALCHEMPro News Desk (NB)
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