Varank: Industrial production maintained its upward trend for 11 months in a row

Industry and Technology Minister Mustafa Varank, regarding the results of the industrial production index for March, “Industry proved to be the locomotive of our economy in March. Industrial production maintained its rising trend for 11 consecutive months.” found the assessment.

Industry and Technology Minister Mustafa Varank made an evaluation on the industrial production index data for March from his Twitter account.

Varank, in his share, “Industry proved to be the locomotive of our economy in March. Industrial production has increased by 0.7 percent compared to the previous month and 16.6 percent compared to the same month of the previous year, maintaining its upward trend for 11 consecutive months.” gave place to his information.

Stating that the industrial production, which exceeded the expectations with March data, increased by 2.6 percent in the first quarter of this year compared to the previous quarter, Varank said, “We became one of the countries with the highest increase in industrial production among the G-20 countries with an increase of 12.3 percent compared to the same quarter of the previous year.” used the expression.

Minister Varank shared the graph showing the monthly and annual changes of industrial production in Turkey, as well as the annual changes in industrial production in the G-20 countries in the first quarter.

Accordingly, Turkey ranked third among the countries whose data was announced, after China and Argentina. Industrial production declined in the first quarter in the US, Germany, Russia and Japan.

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