Turkey's industrial production increased 3.4 percent in April 2013 when compared to April 2012.
It also rose 1.3 percent compared to March 2013, stated TurkStat, Turkey's statistical authority, on Monday.
In the sub sectors of the industry, mining and quarrying increased 3.1 percent, manufacturing increased 3.6 percent and electricity, gas, steam and air conditioning supply index increased 2.3 percent in April 2013 when compared to April 2012.
In the sub sectors of the industry, mining and quarrying increased 0.1 percent, manufacturing increased 1.4 percent and electricity, gas, steam and air conditioning supply index increased 1.1 percent in April 2013 when compared to March 2012.
Caglayan: "Industrial production may provide us with opportunity to be more optimistic for the growth"
Turkey's Economy Minister Zafer Caglayan has stated, "In the first four months, there was a 2.2 percent of rise in industrial production. In the first quarter this was about 1.3 percent. That is why, the first quarter's growth figures which is expected to be announced tomorrow will not be so bright. However, today's announcement of industrial production may provide us with opportunity to be more optimistic for the growth", in regards to industrial production figures for April 2013.
In a written statement, Minister Caglayan highlighted on Monday that the industrial production index in April totaled 115.1 and, seasonally and calendar adjusted industrial production index was noted 115.9 and added, "These came a little better than what was expected. Respectively, there is a 5.1 percent and 3.4 percent increase."
Comparing to March, there was an incline expectation, said Minister Caglayan and underscored that especially the increasing imports of intermediate goods and raw material were indicating to that. Minister reminded that the importation of capital goods rose 16 percent and importation of raw materials increased by 18 percent in April 2013.
"The European economy is still weak yet any kind of recovery will have pluses on our side. The recovery in the Europe will also prepare a ground for the increase in our industrial production. However, we will not wait for it. We see all other regions as our natural export markets now. By this means, in the past four years, we have completed a 43.6 billion USD worth of addition exportation," said Caglayan.
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