Türkiye's industrial output grows annually at faster pace in September

Türkiye's industrial output grew annually at a faster pace in September, the country's statistical authority revealed on Friday.

Industrial production surged 4% year-on-year in September, accelerating from a 3.1% hike in August, the Turkish Statistical Institute (TurkStat) data showed.

Output posted a sharp increase for mining and quarrying with 9.1%, for manufacturing with 3.7%, and for electricity, gas, steam, and air conditioning supply with 4.2%.

On a monthly basis, the output was marginally down by 0.1% in September following a 0.8% decline in August.

The mining and quarrying index rose 1.4% month-on-month in September, while manufacturing sector stayed muted.

Electricity, gas, steam, and air conditioning supply index, on the other hand, dropped 2% in the same period.