Turkish industrial production recorded a sharp decline decline in February, official The data showed on Tuesday, in Setback denotes scale of earthquakes that hit the southeast region.
Production decreased by 8.2%. year-over-yearIt is the largest, said the Turkish Statistical Institute (TurkStat). decrease Since May 2020, the rise of the global Corona virus pandemic.
Two earthquakes on Feb 6 which also severely hit neighboring Syria with Aftershocks, killed more from 50,000 people in Türkiye flattened hundreds of thousands of buildings, in addition to severe damage to the infrastructure.
Affected areas make up approximately one-tenth of country production. disaster caused About $34.2 billion in direct physical damage, or 4% of GDP for 2021, according to estimates from the World Bank. But she warned so far total reconstruction and recovery costs can be twice High.
Status of President Recep Tayyip Erdogan total cost of Damage amounted to about 104 billion dollars.
Turkish Statistical Institute said the survey response rate was 67% in earthquake-hit regions, where the value-added Tax returns (VAT) were postponed, which means that alternative data sources were used. The Authority calculates the industrial production index on Monthly surveys and VAT returns.
Among the sub-sectors, the mining and quarrying index decreased by 18.2%, the manufacturing index decreased by 8.2%, and the electricity, gas and steam index declined and air Display indicator was air conditioning down by 4.5% in February compared to the same month last yearsaid the Turkish Statistical Institute.
Month-overMonthly, Turkish industrial production declined by 6% on seasonal and calendar-adjusted Basis in February.
