INDUSTRIAL PRODUCTION UP NEARLY 10 PCT IN Q1
Turkey’s calendar-adjusted industrial production rose 9.8 percent in the first quarter of 2018 compared to the same period last year, the Turkish Statistical Institute (TurkStat) announced yesterday. The country’s industrial production also increased by 7.6 percent in March compared with the same month of the previous year, TurkStat added. Among three main subindices, the mining and quarrying index saw the highest annual increase in March, with 10.7 percent. The manufacturing index rose 7.9 percent while the electricity, gas, steam and air conditioning supply index was up 2.9 percent during the same period. The data also showed that industrial production climbed slightly by 0.2 percent on a monthly basis in March. Among all subsectors of the seasonal and calendaradjusted industrial sector, manufacturing was the only subsector to see a rise month-on-month in March with an increase of 0.4 percent.