Turkey's industrial production rises in December

Industrial output in December 2017 rises 8.7 pct year-on-year, official data show

By Tuba Sahin

Turkey's calendar-adjusted industrial production rose 8.7 percent in December 2017, compared to the same month last year, the Turkish Statistical Institute (TurkStat) announced on Thursday.

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

Among three main sub-indexes, the mining and quarrying index rose the most --14 percent.

The annual increase in the manufacturing index was 8.9 percent while the electricity, gas, steam and air conditioning supply index was up 5.7 percent.

The term "calendar-adjusted" is used to refer to data without calendar and holiday-originated effects.

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