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

Turkey’s industrial output rose in March by 16.6pc compared to the prior year month — which was 0.7pc higher than February. The country’s industrial output is up for the eleventh consecutive month, after dipping in April last year after the onset of pandemic, according to data release by Turkish Statistical Institute (TurkStat).


In April 2020, factories halted work after CCOVID-19 outbreak and outout fell by 31.4pc, which recovered to a drop of 19.9pc in May.


This year, a spike in positive COVID-19 cases again resulted in restriction of movement for certain business activities in March, though manufacturing sector was exempted.



Mining and quarrying index increased 14.8pc in March from the same month the prior year while compared to the previous month, it is down 1.7pc. Manufacturing index grew 17.2pc in March from the prior year. Compared to the prior month, index is marginally up 0.3pc.

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