Turkish industrial output rose 1.9% monthly and 4.5% annually

The calculation of the industrial production index is based on the monthly industrial production survey and VAT declarations. In the regions affected by the earthquake disaster in our country, force majeure was declared and VAT declarations were postponed. The response rate for the monthly industrial production survey in these regions was 38%. For this reason, alternative data sources such as e-invoice and e-archive invoice data were used to impute missing observations in the January 2023 calculations. The share of these estimated observations in the total is 5.01%.

Industrial production increased by 4.5% annually

When the subsectors of the industry (based on 2015=100) were examined, mining and quarrying index decreased by 7.6%, manufacturing index increased by 5.8% and electricity, gas, steam and air conditioning supply index decreased by 5.7% in January 2023, compared with same month of previous year.

Industrial production index annual change rates (%), January 2023

Industrial production increased by 1.9% monthly

When the subsectors of the industry were examined, mining and quarrying index increased by 4.4%, manufacturing index increased by 2.1% and electricity, gas, steam and air conditioning supply index increased by 1.4% in January 2023, compared with previous month.

Industrial production index monthly change rates (%), January 2023

Industrial production index change rates (%), January 2023

The next release on this subject will be on April 11, 2023.
                                                                                                                                                                                   
EXPLANATIONS

Annual changes refer to the changes of calendar adjusted index values compared to the same month of the previous year.

Monthly changes refer to the changes of seasonally and calendar adjusted index values compared to the previous month.