FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Turkey's industrial production growth, deemed a vital indicator for the economy and a preliminary gauge for GDP growth, slowed in February, data from the Turkish Statistical Institute showed Monday. Turkey's calendar-adjusted industrial production rose 1 percent year-on-year in February.
A fall in mining output was mainly attributable to the fall in Turkey's industrial production growth in February. The rise in February was slower than the 2.6 percent increase seen in January. Nonetheless, production expanded for the fifth consecutive month.
Among three main sub-indexes, the mining and quarrying index declined by 13.6 percent while the electricity, gas, steam and air conditioning supply index and the manufacturing index advanced by 9.4 percent and 0.7 percent year-on-year respectively.
On a monthly basis, industrial production dropped 0.4 percent, which was the first fall in three months. Production had climbed 1.3 percent in January. On a monthly basis, the mining and quarrying index rose by five percent while the manufacturing index decreased 0.9 percent in February. The electricity, gas, steam and air conditioning supply index saw an increase of 0.6 percent in the same period.
