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Turkey's industrial output down 31.4% y-o-y in April

All sub-sectors of industry post fall in month, official figures show

News Service
11:27 - 12/06/2020 Friday
Update: 11:29 - 12/06/2020 Friday
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File photo

Turkey's industrial production saw a decline of 31.4% year-on-year in April 2020, the country's statistical authority said on Friday.

Turkish Statistical Institute (TurkStat) revealed that all three main sub-indices -- mining and quarrying, manufacturing, and the electricity, gas, steam and air conditioning -- dropped 14.5%, 33.3% and 14.9%, respectively, in April.

Industrial production is considered a vital indicator for the economy as it is seen as a preliminary gauge for the GDP growth.

Meanwhile, the figure, on a monthly basis, was also down 30.4% in April.

On Wednesday, a total of nine experts surveyed by Anadolu Agency projected the index to see a 25.4% decrease in April.

In the first quarter of this year, several sectors, especially manufacturing, were affected by the measures against the COVID-19 pandemic, such as curfews.

#industrial production
#Turkey
#TurkStat
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