Economy

Turkish industry performs better than EU

Turkish industrial production overtakes 23 EU countries in November

Dilara Zengin   | 17.01.2020
Turkish industry performs better than EU

ANKARA

Turkey's industrial output in November 2019 was higher than the EU's average in the same month.

While the EU average was negative 1.3%, the index dropped 1.5% in the eurozone, and rose 5.1% in Turkey, according to the data compiled by Anadolu Agency from official statistics offices -- Eurostat and TurkStat.

With these figures, Turkey overtook 23 of 25 EU countries, of which data are available in November 2019. The industrial production rose 5.7% in Hungary and 5.6% in Poland.

The index dropped the most in Greece with 8.3%, while Romania (7.5%), and Estonia (7.2%) followed it.

Industrial production in major EU economies, known as locomotive, also performed below expectations.

The index in Germany, the largest economy in the union, dropped 4% year-on-year in November.

While it rose 1.2% in France, Italy also posted a drop with 0.6% in November 2019, versus the same month of 2018.

The U.K.'s industrial outlook decreased 1.9% as well.

* Writing By Gokhan Ergocun from Istanbul

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