The Turkish Statistical Institute revealed on Tuesday that Turkey's industrial production has experienced a decline for the fifth consecutive month in October. On an annual basis, industrial production decreased by 3.1 percent in October, surpassing the 2.3 percent decline observed in September.
Breaking down the figures by sector, the mining and quarrying industry suffered a significant decrease, with output dropping by 14.2 percent compared to the previous year. Manufacturing output also declined by 3.3 percent. Conversely, there was a 7.6 percent increase in the production of electricity, gas, steam, and air conditioning supplies.
From a month-to-month perspective, industrial production saw a contraction of 0.9 percent, following a 1.6 percent recovery in September.
