In a significant monthly rebound, Turkey’s industrial production surged by 3.80% in September 2024, showing signs of recovery following a worrying downturn in August, where the indicator had plummeted by -5.30%. The latest data, updated on November 11, 2024, highlights a promising shift in Turkey’s industrial sector, which has been navigating a tumultuous economic landscape.The month-over-month comparison reveals that Turkish industries made considerable headway in September, reversing the losses from the preceding month. This improvement in industrial output suggests a positive momentum, potentially driven by factors such as policy interventions, increased domestic demand, or global economic conditions.This shift can be viewed as a hopeful indicator for the country’s economic resilience, as businesses and industries continue to adapt and respond to both internal and external economic pressures. The recovery in industrial production is a key area to watch for further developments in Turkey’s overall economic performance in the coming months.The material has been provided by InstaForex Company – www.instaforex.com
