Turkey's industrial production growth slowed to 8.7 percent year-on-year in July 2021, from an upwardly revised 24.1 percent in the previous month and well below market expectations of 15.1 percent. Output rose at softer rates for intermediate goods (13.6 percent vs 28.4 percent in June), durable consumer goods (4.6 percent vs 31.5 percent), non-durable consumer goods (8.8 percent vs 18.4 percent), and energy (10.8 percent vs 16.8 percent). Meanwhile, the production of capital goods dropped for the first time since June 2020 (-2.5 percent vs 25.5 percent). On a seasonally adjusted monthly basis, industrial activity tumbled 4.2 percent, after a 2.2 percent advance. source: Turkish Statistical Institute
Industrial Production in Turkey averaged 5.31 percent from 1986 until 2021, reaching an all time high of 66.30 percent in April of 2021 and a record low of -31.50 percent in April of 2020. This page provides the latest reported value for - Turkey Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Turkey Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
Industrial Production in Turkey is expected to be 5.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkey Industrial Production is projected to trend around 3.60 percent in 2022 and 3.20 percent in 2023, according to our econometric models.