Turkey’s August industrial output grows by 17.1 percent
In comparison to August of last year, in which the devastating earthquake brought to extremely low outputs, this year, August was a month of growth for Turkey, with the country’s industrial output growing by 17.1 percent.
According to Turkish daily news, during August of 1999 these figures fell steeply by 12.1 percent, while during the same period the manufacturing output declined by 13.4 percent. In contrast, during August 2000, the manufacturing output in Turkey increased by 19.8 percent.
Figures recently released by the local State Institute of Statistics (DIE) revealed that during the period of January-August of 2000, the industrial production in Turkey achieved a cumulative 4.6 percent increase, as opposed to the 5.3 percent decrease of the corresponding period of last year.
In addition, the utilities’ output grew by 10.8 percent in August 2000, compared to the 0.3 percent decrease experienced in the same month last year. A drop was experienced in the mining industry, with its output falling by 6.4 percent. However, this figure is moderate compared to last year’s fall of 12.9 percent in this sector.
The figures for September are expected to reveal an increase in the output of the manufacturing sector. This assessment is based on the fact that the Tupras oil refinery located in Izmit reached full capacity in the second half of the month. The Tupras refinery had suffered extensive damage following the 1999 earthquake. — (Albawaba-MEBG)