Industrial Production Decreased by 2.4% Year-on-Year

In September, industrial production decreased by 2.4% year-on-year. According to the announcement made by the Turkish Statistical Institute (TÜİK), when examining the sub-sectors of industry (reference year 2021=100), the mining and quarrying sector index in September 2024 decreased by 5.3% compared to the same month of the previous year, the manufacturing industry sector index decreased by 2.5%, and the electricity, gas, steam, and air conditioning production and distribution sector index increased by 1.1%.

In terms of monthly changes, industrial production increased by 1.6%. Looking at the sub-sectors, in September 2024, the mining and quarrying sector index increased by 1.2% compared to the previous month, the manufacturing industry sector index rose by 1.8%, while the electricity, gas, steam, and air conditioning production and distribution sector index decreased by 1.8%.