Industrial Annual Growth Continues

In January, industrial production increased by 1.2% on an annual basis. However, there was a 2.3% decrease in production on a monthly basis. The Turkish Statistical Institute (TurkStat) released data on industrial production. In January, industrial production decreased by 2.3% on a monthly basis, while it showed a 1.2% increase on an annual basis. When looking at the sub-sectors of industry, in January, the mining and quarrying sector index decreased by 0.7% compared to the same month of the previous year, the manufacturing sector index increased by 1.2%, and the electricity, gas, steam, and air conditioning production and distribution sector index increased by 5%. When examining the sub-sectors of industry in January 2025, the mining and quarrying sector index increased by 7.5% compared to the previous month, the manufacturing sector index decreased by 3%, and the electricity, gas, steam, and air conditioning production and distribution sector index decreased by 0.8%.