Şimşek: State Support for Weak Sectors Will Increase

Recent Developments in Industrial Production

The Minister of Treasury and Finance Mehmet Şimşek evaluated the industrial production index data for October on his social media account. In October, industrial production drew attention, particularly with the increase in capital goods production and high-tech sectors. However, a limited decline was observed on a monthly basis overall. This situation was among the critical data reflecting the dynamic nature of the economy and profitability potential.

Production Increase and Future Expectations

Şimşek stated in his remarks that leading indicators pointed to a moderate increase in industrial production in November. According to these data, it appears that Turkey's industrial sector is on a growth path, and investments need to continue to increase. The Minister emphasized, "While transforming our industry into a structure based on advanced technology, high added value, qualified employment, and sustainability, we will continue to increase our support for weak-performing labor-intensive sectors."

Support for Labor-Intensive Sectors

In addition to the transformation process, Minister Şimşek sent a clear message that state support for weak-performing labor-intensive sectors would be increased. In this context, he highlighted that steps would be taken, especially to boost employment and support local production, based on current economic conditions. These steps are critically important for the economy to reach sustainable growth targets.

In conclusion, the developments in industrial production and state support present a significant opportunity for strengthening Turkey's economic structure. Supporting weak sectors will provide important contributions to increasing employment and ensuring economic stability.