Turkey's industrial output jumped 66.0 percent year-on-year in April 2021, the largest increase on record and well above market consensus of 65.0 percent, reflecting a solid economic recovery and the low base year caused by COVID-19. Production was up for durable consumer goods (126.3 percent), capital goods (104.6 percent), intermediate goods (65.8 percent), non-durable consumer goods (53.9 percent), and energy products (26.3 percent). On a seasonally adjusted basis, industrial output dropped 0.9 percent in April, compared with 0.7 percent growth in March. source: Turkish Statistical Institute
Industrial Production in Turkey averaged 5.18 percent from 1986 until 2021, reaching an all time high of 66 percent in April of 2021 and a record low of -31.40 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 June of 2021.
Industrial Production in Turkey is expected to be 16.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Turkey to stand at 3.80 in 12 months time. 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.