Page 26 - TURKRptSep20

4.0​ Real Economy 4.1​ Industrial production
Turkish industrial production edged up 0.1% y/y in June, official data from the Turkish Statistical Institute (TUIK), ​showed​ on August 14.
Electricity consumption in Turkey declined in July for the fifth month in a row​. It fell 0.5% y/y to 27.2bn kWh but a 21% m/m recovery compared to June was implied, according to energy and natural resources data cited by Hurriyet Daily News on August 2.
Consumption collapsed by 17% y/y to 19.6bn kWh in coronavirus (COVID19)-troubled May after plunging 15% y/y to 19.1bn kWh in April, the lowest level recorded since 2013, according to data from Energy Exchange Istanbul.
In June, it was down by a limited 2% y/y.
As a result, electricity consumption contracted by 11% y/y to 61.3bn kWh in Q2 after growing 3% y/y in Q1.
The official statistical institute TUIK reported 6.2% y/y industrial growth and overall GDP growth of 4.5% y/y for Q1.
26​ TURKEY Country Report​ September 2020 ​ ​www.intellinews.com