Industrial production narrowed on a monthly basis on the January, continued to increase on an annual basis.
Industrial production, which has achieved strong growth in the last two months of 2024, declined on a monthly basis due to corrections in high volatility sectors in January. However, while the increase in the annual basis continued, it was observed that the number of sectors that contribute to industrial production increased.
Industrial production, in the last two months of 2024, after a strong growth in January showed contraction on a monthly basis. In this decline, the corrections experienced especially in high volatility sectors were effective. However, it continued to increase industrial production on an annual basis.
It was stated that the recovery in the economy continues to spread to the general, and the number of sectors that contribute to industrial production on an annual basis increased. Experts predict that this temporary fluctuation in industrial production can evolve into a more balanced growth in the later months of the year.
While the annual increase in industrial production shows that the growth trend in the economy continues, the impact of the changes on the production on production is closely monitored.
Source: Cumha - Cumhur News Agency
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