Turkey's industrial production up by 17 pc in April

Turkey's Industrial Index recorded a 17 percent year-on-year rise in April, 2010.

Turkey's industrial production up by 17 pc in April

Turkey's Industrial Index recorded a 17 percent year-on-year rise in April, 2010.

Turkey's Statistical Authority, TurkStat, announced on Tuesday the industrial production figures for April.

The industrial output fell 2.03% in April compared to March.

Sectoral analysis of TurkStat figures, reveals a 18.6 percent year-on-year rise in manufacturing industry, 9.7 percent rise in electric, gas and water production and 5.2 percent rise in the mining and quarrying sector.

The figures on main industry categories showed that the biggest year-on-year rise was recorded in the capital goods production with 25.7 percent.

According to this classification, intermediate goods production rose 22.6% year-on-year, durable consumer goods production rose 25.4%, and energy production rose 6 percent.

According to TurkStat data, industry production index statistics on basis of 2005=100 annual index are as follows:

Months 2010 2009 2008
------- ------ ----- -----
January 12.1 -21.4 11.6
February 18.0 -23.8 8.4
March 21.1 -20.9 2.6
April 17.0 -18.7 7.0
May -17.6 3.2
June -10.1 2.4
July -9.0 3.8
August -6.3 -3.6
September -8.9 -4.3
October 6.5 -6.8
November -2.2 -13.3
December 25.3 -17.8
Annual Average -9.6 -0.9

"New employment strategy"

Turkish Minister of Industry & Trade Nihat Ergun said on Tuesday that Turkey's Industrial Index figures for April indicated that recovery in economy would continue in the second quarter of the year.

Ergun released a written statement and assessed industrial output for April.

"When we consider the industry production index data of the previous years, it is seen that there was a drop in April in general. Exports date of the recent period, developments in capacity utilization rate, and response of real sector and consumers to confidence index reveal that rise in industry production would continue in the next period," Ergun said.

Ergun said, "when the index is considered as of the industry sub-sectors, we see that the highest rise was in manufacturing industry."

Ergun said Turkey not only eliminated the impacts of the crisis in the recent period, but at the same time a new and a rapid growth started. This fact can be clearly seen in reports of international institutions.

Industry minister Ergun said industry production index for April, capacity utilization rate for April and May and other pioneering indicators showed that recovery in economy would continue in the second quarter of the year.

He said this growth period would form a positive influence on new investments and employment.

Ergun said during today's Economy Coordination Board meeting final shape would be given to new employment strategy. "Economic growth environment is a sine qua non condition for solution of unemployment problem. We have the full belief that private sector would should responsibility on the matter. I believe that state and private sector would work together to resolve unemployment problem."


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Last Mod: 08 Haziran 2010, 14:53
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