Turkish Industry's Productivity Up In Q3
Sumaira FH Published December 11, 2018 | 04:54 PM
The productivity of Turkey's industry rose 0.57 percent year-on-year in the third quarter of 2018, the Ministry of Industry and Technology announced on Tuesday.
ISTANBUL, (UrduPoint / Pakistan Point News - 11th Dec, 2018 ) :The productivity of Turkey's industry rose 0.57 percent year-on-year in the third quarter of 2018, the Ministry of Industry and Technology announced on Tuesday.
Official data showed that Calendar adjusted index of production per person employed valued at 110.62 in the July-September period of 2018, while the figure was 109.99 in the same period last year.
Among major economic activities, the productivity rose by 4.60 percent in mining and quarrying sector, 2.35 percent in electricity, gas, steam and air conditioning supply, and it dropped by 0.80 percent in the manufacturing industry.
The highest increase in productivity was recorded in the activities of manufacturing of other transport equipment with an annual hike of 27.9 percent, in the July-September period.
Meanwhile, the biggest drop in productivity was seen in the activities of manufacturing of furniture with a 17 percent annual drop, in the same period.
On the industrial groupings side, the highest annual productivity hike was seen in the energy with 4.48 percent, while the intermediate goods posted the biggest drop, down 2.20 percent, year on year in the third quarter of 2018.
The ministry noted that "calendar adjusted" data is derived from unadjusted data by removing calendar and holiday originated effects, and it should be used in an annual comparison.
Explaining the purpose of quarterly productivity statistics, the ministry said: "Gross output based labor productivity traces the labor requirements per unit of (physical) output.""It is calculated for the purpose of labor requirements analysis based on economic activities," it added.
The Ministry of Industry and Technology will release the next productivity report for the third quarter of this year on March 11, 2019.
Related Topics
Recent Stories
ICC Womens T20 World Cup Qualifier, Match 2: Ireland Women open with Comfortable ..
Robinson, bowlers help New Zealand go 2-1 up against Pakistan
Shahzeb Chachar to hold khuli kachehri on April 26
Heatwave amid Israel's aggression in Gaza brings new misery, disease risk
Tourism must change, mayor says as Venice launches entry fee
Court adjourns Judicial Complex attack case till May 17
Nasreen Noori’s book ‘Popatan Jahra Khwab’ launched
Wafaqi Mohtasib inspection team visits Excise and taxation office
AJLAC announces 5th Conference titled ‘People’s Mandate: Safeguarding Civil ..
Pak-US officials engage to enhance trade, investment ties
IBCC to promote educational excellence, expand regional presence
Pakistani 'Blue Helmets' serving UN Peacekeeping Mission in DR Congo set to leav ..
More Stories From Business
-
Chinese minister felicitates Ahsan Iqbal on reappointment as Planning minister
6 hours ago -
Pak-US officials engage to enhance trade, investment ties
7 hours ago -
Stocks fall as tech shares sink, US economy slows
8 hours ago -
Higher taxes, awareness help decrease cigarettes sale in Pakistan
9 hours ago -
Ahsan Iqbal chairs CPEC JWGs, 13th JCC review-meeting
9 hours ago -
Industries Minister recommends urea fertilizer import to stabilize prices and supply
9 hours ago
-
Honda announces US$11 bn EV battery and vehicle plant in Canada
9 hours ago -
Zhao Shirin calls on Punjab Industries Minister
9 hours ago -
CEO APM Terminals calls on Finance Minister
10 hours ago -
SACM visits GTVC checks attendance register
10 hours ago -
CEO APM Terminals meets Commerce Minister
10 hours ago -
RTO destroys huge quantity of non-duty paid cigarettes
10 hours ago