Industrial output rises in February
Turkey’s calendar-adjusted ndustr al product on rose 9.9 percent n February compared to the same month last year, the Turk sh Stat st cal Inst tute (TurkStat) announced on Apr l 16. Among three ma n subnd ces, the m n ng and quarry ng ndex saw the h ghest annual ncrease n January, w th
11.2 percent. The manufactur ng ndex rose 1.4 percent wh le the electr c ty, gas, steam, and a r cond t on ng supply ndex was up 3.3 percent dur ng the same per od. The term “calendaradjusted” s used to refer to data w thout calendar and hol day- nduced effects. The data showed that ndustr al product on dropped sl ghtly on a monthly bas s n February, by 0.2 percent. All sub-sectors of the seasonal and calendar-adjusted ndustr al sector sl pped month-on-month n February.