Şimşek: Support for Labor-Intensive Sectors Will Increase!

Annual Growth in Industrial Production

Turkey's Minister of Treasury and Finance Mehmet Şimşek noted that, according to the October data, industrial production has grown on an annual basis, particularly due to the production of capital goods and high-tech sectors. However, a limited contraction was recorded on a monthly basis.

Optimistic Expectations for November

Şimşek emphasized in a post on his social media accounts that leading indicators suggest a modest increase in production is expected in November as well. This situation has created a positive atmosphere in the industrial sector.

Increased Support for Labor-Intensive Sectors

Minister Şimşek stated that efforts to transform the industry based on advanced technology, high added value, qualified employment, and sustainability will continue. He also mentioned that supports for underperforming labor-intensive sectors will be increased.