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Turkey Industrial Orders, Turnover Rise In February

New orders in the Turkish industrial sector increased from last year in February, data released by the Turkish Statistical Institute showed Friday.

New orders increased 17.8 percent on an annual basis in February. Orders of intermediate goods grew 20.6 percent annually, while orders in the capital goods industry rose 10.5 percent. There was a 35.9 percent annual rise in orders of durable consumer goods, and a 16.2 percent increase in orders of non-durable consumer goods.

Month-on-month, new orders received by Turkish firms advanced 4.4 percent in February, the agency said.

At the same time, Turkey's industrial turnover increased 17.3 percent year-on-year in February. Turnover in the mining and quarrying industry climbed 28.1 percent annually, while manufacturing production increased 17 percent.

Sequentially, industrial turnover advanced 3.8 percent during the month.

by RTTNews Staff Writer

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