Ankara-Sana
Turkish Central Bank figures showed a decline in the rate of industrial energy use in Turkey during the month of October, in light of the turbulent economic conditions in the country, represented by inflation, high prices, high unemployment and instability of the Turkish lira.
Turkish media reported that the rate of industrial energy use decreased to 9.76 percent this month, compared to 4.77 percent last September.
Companies also recorded a sharp slowdown in new exports, and recently published data showed a decline in Turkey's production and exports of cars and other vehicles, as the decline in the exchange rate of the lira cast a shadow on manufacturing activity.
Turkey's car exports fell during the first months of this year by 1.15 percent from last year.
The Turkish lira lost much of its value against the dollar after the central bank cut interest rates several times.
Follow Sana's news on Telegram https://t.me/SyrianArabNewsAgency