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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Turkey Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
8.70 24.10 66.30 -31.50 1986 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-06-11 07:00 AM Apr 66% 16.7% 65% 40%
2021-07-13 07:00 AM May 40.7% 66.3% 42%
2021-08-12 07:00 AM Jun 23.9% 40.9% 21.1% 22.3%
2021-09-13 07:00 AM Jul 8.7% 24.1% 15.1% 15.5%
2021-10-12 07:00 AM Aug 8.7% 9.5%
2021-11-12 07:00 AM Sep
2021-12-13 07:00 AM Oct


News Stream
Turkish Industrial Output Growth Below Forecast
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.
2021-09-13
Turkey Industrial Output Growth Above Estimates
Turkey's industrial output grew 23.9 percent year-on-year in June of 2021, slowing from an upwardly revised 40.9 percent jump in May. It exceeds market forecasts of a 21.1 percent gain, reflecting the ongoing economic recovery and the low base year effects caused by the COVID-19 pandemic. Production was up for durable consumer goods (30.9 percent), intermediate goods (28.3 percent), capital goods (25 percent), non-durable consumer goods (18.1 percent), and energy products (16.8 percent). On a seasonally adjusted basis, industrial output increased 2.3 percent, after an upwardly revised 1.5 percent rise. In the second quarter of 2021, industrial activity grew 41.1 percent over a year ago.
2021-08-12
Turkey Industrial Output Growth Remains Strong
Turkey's industrial output grew 40.7 percent year-on-year in May of 2021, after a revised record jump of 66.3 percent in April, reflecting a solid economic recovery and the low base year caused by the initial measures to curb the COVID-19 pandemic. Production was up for durable consumer goods (66 percent), intermediate goods (48.9 percent), capital goods (40.1 percent), non-durable consumer goods (31.8 percent), and energy products (22.3 percent). On a seasonally adjusted basis, industrial output decreased 1.3 percent.
2021-07-13
Turkish Industrial Output Grows at Record Pace
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.
2021-06-11

Turkey Industrial Production
In Turkey, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 84 percent of total production. The biggest segments within Manufacturing are: Food products (16 percent of total production); basic metals (11 percent); motor vehicles, trailers and semi-trailers (9 percent); textile (8 percent); other non-metallic mineral products (6 percent); rubber and plastic products (5 percent); chemicals and chemical products (5 percent); electrical equipment (5 percent); wearing apparel (5 percent); and fabricated metal products (5 percent).