Turkey’s industrial production advanced 3.4 percent in June 2017 compared to the same month last year, the Turkish Statistical Institute (TÜİK) announced on Aug. 8.

Turkey’s industrial production advanced 3.4 percent in June 2017 compared to the same month last year, the Turkish Statistical Institute (TÜİK) announced on Aug. 8.

Turkey’s industrial output is deemed a vital indicator for the economy as it is seen as a preliminary gauge for GDP growth. 

On an annual basis, the manufacturing index saw the biggest rise in June, up 3.8 percent, among all three main sub-indices, TÜİK said. 

In the same period, the electricity, gas, steam, and air-conditioning supply index also increased by 2.5 percent while the mining and quarrying index decreased by 0.5 percent.

Meanwhile, the country’s industrial production declined by 0.4 percent in June on a monthly basis, TÜİK noted.

In June, the mining and quarrying index rose by 1.2 percent while the electricity, gas, steam, air-conditioning supply, and manufacturing indices fell by 0.6 percent and 0.5 percent, respectively.

ANKARA - Anadolu Agency