Turkey’s industrial output in September fell by 2.7 percent year-on-year, the country’s statistical authority TurkStat announced on Friday.
Calendar adjusted industrial production index was 116.4 September, while the index value was 119.6 in the same month last year.
Among all sub-sectors of the industry, the highest annual decrease was seen in the manufacturing of furniture, with a 34-percent drop.
On a monthly basis, the country’s total industrial output also declined by 2.7 percent in September compared to August. The seasonally and calendar adjusted industrial production index was 113.5 in September, as it was 116.6 in August.
According to TurkStat, the purpose of calculating monthly industrial production index is to measure the evolution of economy and the positive and negative effects of economical political decisions in the short term.(source:aa)