Turkish Minister: Real sector recovery speeding up

Leading sectors like automotive, textile, furniture rejuvenating with confidence in growing economy, says industry minister

has been recovering at an accelerated pace in June, with electricity consumption rising 31% in the first half of the month compared to May, the industry and technology minister said on June 17.

“In the first two weeks of this month, electricity consumption in the industry has now surpassed that of April and May,” noted Mustafa Varank.

Varank stressed that leading sectors such as automotive, textile and furniture were rejuvenating with confidence and that the economy was growing.

“As we enter the new normal, we need a permanent and steady recovery in the real sector, closely following the progress in industry and regularly monitoring the leading indicators of production,” he said.

Anatolian Agency

Published By: Atilla Yeşilada

GlobalSource Partners’ Turkey Country Analyst Atilla Yesilada is the country’s leading political analyst and commentator. He is known throughout the finance and political science world for his thorough and outspoken coverage of Turkey’s political and financial developments. In addition to his extensive writing schedule, he is often called upon to provide his political expertise on major radio and television channels. Based in Istanbul, Atilla is co-founder of the information platform Istanbul Analytics and is one of GlobalSource’s local partners in Turkey. In addition to his consulting work and speaking engagements throughout the US, Europe and the Middle East, he writes regular columns for Turkey’s leading financial websites VATAN and www.paraanaliz.com and has contributed to the financial daily Referans and the liberal daily Radikal.