Evaluating the industrial production data for November 2020 on his Twitter account, Industry and Technology Minister Mustafa Varank stated that despite all the difficulties, industrial production increased by 11 percent annually and 1.3 percent monthly, above market expectations. Varank said, “We became one of the countries that increased industrial production the most in November. Our goal is to continue this trend in production in 2021.” used the expressions.
“It points out that the appetite for investment will continue”
Turkey’s seasonal and calendar effects, the adjusted series based on November 2020 as of January 2018 from Varank attention reaches its highest annual rate of change today, he said: “13.7 percent month one of the most important factors that led to the rise in industrial production increased high It is very important to have technology products. With the high technology investment moves we have initiated recently, our main priority is to make this increase permanent. We will continue to support high value added production for healthy, sustainable and permanent growth. “
Emphasizing that the production of durable consumer goods, which experienced an increase in global demand during the pandemic process, made a significant contribution to exports by increasing 22.2 percent annually in November, Varank said that the strong increase of 3.6 percent in the production of capital goods compared to the previous month and the appetite for investment He reported that he indicated that he would continue.
“2021 will be the year the leap to Turkey”
Minister stating that parses Turkey of its ability to adapt to the diversification and disaster industry in a positive way from other countries Varank, he said: “All the historical contraction of the economy in the world in which lived despite the outbreak of our industry at a time is admirable success. Industrial Production Index, one of the leading indicators of growth ‘ The increase in October and November in October and November indicates that the last quarter of the year is strong and that we will complete the year 2020 with positive growth despite the pandemic conditions.As the economy management, we are working in full coordination. I hope there will be a leap year for Turkey. “
According to the graph given in Varank share, in November while taking place in Singapore ranked first with 17.9 percent in annual change in industrial production in this country with 11 percent in Turkey, China with 7 percent, with Argentina and 2.8 percent to 4.5 percent Brazil followed.
Source: Dünya Gazetesi by www.dunya.com.
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