Turkiye's manufacturing index rises by 4.1% in July 2022

However, the manufacturing index of the country declined 6.6 per cent on a monthly basis, while industrial production fell by 6.2 per cent monthly in July 2022 compared with the previous month, according to the Turkish Statistical Institute (TurkStat).

While industrial production index change rates for non-durable consumer goods (NDCOG) surged by 5.9 per cent annually, they dropped 7.2 per cent monthly, according to the report. NDCOG are goods that are bought for immediate or almost immediate consumption and have a lifespan ranging from a few minutes to three years. Examples of such goods include clothing, shoes, food, beverages, and gasoline.

Annual changes refer to the changes of calendar adjusted index values compared to the same month of the previous year. Monthly changes refer to the changes of seasonally and calendar adjusted index values compared to the previous month.

Fibre2Fashion News Desk (NB)