Industrial production declined 0.6 percent in October. Manufacturing output fell 0.7 percent. Much of this decline was due to a 10 percent drop in the output of motor vehicles and parts. The index for utilities decreased 1.6 percent, and the output of mines increased 0.4 percent. Total industrial production in October was 0.7 percent below its year-earlier level. Capacity utilization moved down 0.6 percentage point to 78.9 percent in October, a rate that is 0.8 percentage point below its long-run (1972–2022) average.

Source: The Federal Reserve
Post by: Republic of Türkiye Ministry of Trade