Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Turkey’s industrial output in May increased by 40.7pc compared to the prior year, according to official government data. 


The rise was amid a decline in manufacturing activities in May 2020 owing to lockdown measures in the country. 


Industrial output rose by 1.3pc from the preceding month. In April, the index grew 66pc from a year ago. In March, it was 16.6pc higher compared to March 2020. 


In 2020, April-May witnessed lockdowns which halted operations in the country leading to a low baseline. In April last year, industrial output dipped 31pc and 20pc in May from their respective, prior-year periods. Recovery started June 2020 onwards. 



Production index for mining and quarrying jumped by 33.4pc compared to May 2020 and by 8.4pc from April. The manufacturing index gained 42pc from a year ago and 1.1pc from April. 

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