Turkey’s industrial production and retail sales increased in March, data from Turkstat showed on Tuesday.
Industrial production increased 16.6 percent annually in March, following a 8.9 percent rise in February. Economists had expected a 12.5 percent growth.
Among the sub-sectors, mining and quarrying output increased 14.8 percent annually in March and manufacturing output grew 17.2 percent. Electricity, gas, steam and air conditioning supply output rose 11.9 percent.
On a month-on-month basis, industrial production rose 0.7 percent in March, following a 0.2 percent gain in the prior month.
Another report from the statistical office showed that retail sales increased 19.2 percent yearly in March, following a 4.7 percent gain in February.
Sales of non-food sales increased 36.9 percent annually in March and automotive fuel sales grew 12.1 percent. Meanwhile, sales of food, drinks and tobacco declined 0.8 percent.
On a monthly basis, retail sales gained 5.1 percent in March, following a 3.6 percent rise in the preceding month.
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