Turkey Industrial Production, Retail Sales Rise In July

Trading 14 sept 2020 Donner votre avis

Turkish industrial production and retail sales grew in July, data from Turkstat showed on Monday.

Industrial production rose 4.4 percent year-on-year in July, following a 0.4 percent rise in June. Economists had expected a 3.0 percent rise.

Manufacturing output grew 5.1 percent annually in July.

Production in mining and quarrying declined 4.9 percent, while output in the electricity, gas, steam increased 1.4 percent.

On a monthly basis, industrial production rose 8.4 percent in July, after a 17.8 percent growth in the previous month.

Separate data from Turkstat showed that retail sales gained 11.9 percent yearly in July, following a 0.4 percent rise in June.

Non-food sales increased 13.9 percent and sales of food, drinks and tobacco grew 12.3 percent. Automotive fuel sales rose 7.2 percent.

On a monthly basis, retail sales rose 9.5 percent in July, after a 18.0 percent increase in the previous month.


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