INDUSTRIAL PRODUCTION INDEX BEATS EXPECTATIONS

Turkish Statistical Institution (TUIK) revealed the industrial production index for September. The industrial production index increased by 3.4% compared with the same month of the previous year. 
 
When the subsectors of the industry were examined, mining and quarrying index increased by 5.7%, manufacturing index increased by 3.4% and electricity, gas, steam and air conditioning supply index increased by 0.4% in September 2019, compared with same month of previous year.  
 
Industrial production increased by 3.2% compared with previous month. 
 
When the subsectors of the industry were examined, while mining and quarrying index increased by 7.5% and manufacturing index increased by 3.3%, electricity, gas, steam and air conditioning supply index decreased by 1.4% in September 2019, compared with previous month.