Turkey: Industrial output grows at fastest pace in over one year in November
Latest reading: Industrial output grew 2.9% in month-on-month seasonally adjusted terms in November, which contrasted October’s 0.9% decrease. The print marked the best reading since March 2023. November’s turnaround came on the back of recoveries in manufacturing and mining and quarrying output.
On an annual basis, factory output rose 1.5% in November (October: -3.1% yoy), the best result since March. Meanwhile, annual average variation of industrial production was steady at October’s 0.1% in November.