Industrial production index increased by 1.9 percent monthly and 4.5 percent annually in January.

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The industrial production index increased by 1.9 percent on a monthly basis and by 4.5 percent on an annual basis in January.

The Turkish Statistical Institute (TUIK) announced the results of the industrial production index for January.

Accordingly, the data obtained from the monthly industrial production survey and value added tax (VAT) returns are used in the calculation of the industrial production index. However, since force majeure was declared in the provinces affected by the KahramanmaraƟ and Hatay-centered earthquakes and the declarations were delayed, 38 percent of the answers were obtained from the surveys compiled from these provinces. For this reason, estimations were made using alternative data sources such as e-invoice, e-archive invoice data and statistical methods for missing observations in the calculations for January. The share of the size estimated by these methods in the total was determined as 5.01 percent.

In January, calendar adjusted industrial production increased by 4.5 percent on an annual basis.

When the sub-sectors of the industry are analyzed, the mining and quarrying sector index decreased by 7.6 percent and the electricity, gas, steam and air conditioning production and distribution sector index decreased by 5.7 percent in January compared to the same month of the previous year. The manufacturing industry sector index increased by 5.8 percent.

Seasonally and calendar adjusted industrial production increased by 1.9 percent in January compared to the previous month.

When the sub-sectors of the industry are analyzed, the mining and quarrying sector index increased by 4.4 percent, the manufacturing industry sector index by 2.1 percent and the electricity, gas, steam and air conditioning production and distribution sector index increased by 1.4 percent in January compared to the previous month.

The unadjusted industrial production index also increased by 7 percent year-on-year in January.



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