Turkey's industrial production grew at the slowest pace in three months in June, data released by the Turkish Statistical Institute revealed Wednesday.
The industrial production index rose a calendar-adjusted 2.7 percent year-on-year, following a 5.9 percent increase in May. Economists had forecast a gain of 2.8 percent.
Manufacturing output grew just 1.8 percent annually in June, after rising 5.8 percent in the previous month. Mining and quarrying output, meanwhile, sustained its pace of growth with a 4.6 percent gain, following May's 4.2 percent increase.
Month-on-month, industrial production declined a seasonal-and-calendar adjusted 2 percent in June, following a 0.9 percent increase in May. It was the first decline in five months.
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org