Turkey’s industrial production decreased by 1.3 percent year-on-year in November 2022, following an upwardly revised 3.2 percent rise in the previous month and compared to market expectations of a 0.95 percent fall. It was the first decline in industrial production since June 2020, as output dropped in all sectors: mining & quarrying (-8.6 percent vs -7.3 percent in October), manufacturing (-0.4 percent vs 4.4 percent) and electricity, gas, steam & air conditioning supply (-7.9 percent vs -5 percent). On a seasonally adjusted monthly basis, industrial production fell by 1.1 percent, following an upwardly revised 2.8 percent growth in the prior month. source: Turkish Statistical Institute

Industrial Production in Turkey averaged 5.40 percent from 1986 until 2022, reaching an all time high of 66.00 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 February of 2023.

Industrial Production in Turkey is expected to be 3.10 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 4.20 percent in 2024, according to our econometric models.

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Turkey Industrial Production



Calendar GMT Actual Previous Consensus TEForecast
2022-12-13 07:00 AM Oct 2.5% 0.5% 0.08% 0.4%
2023-01-10 07:00 AM Nov -1.3% 3.2% -0.95% -1.2%
2023-02-10 07:00 AM Dec -1.3% 3.1%


Related Last Previous Unit Reference
Industrial Production Mom -1.10 2.40 percent Nov 2022
Industrial Production -1.30 2.50 percent Nov 2022
Manufacturing Production -0.41 4.38 percent Nov 2022
Changes in Inventories 297501580.00 161105633.00 TRY THO Sep 2022
Car Registrations 137173.00 122837.00 Units Dec 2022
Mining Production -8.57 -7.34 percent Nov 2022

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).
Actual Previous Highest Lowest Dates Unit Frequency
-1.30 2.50 66.00 -31.50 1986 - 2022 percent Monthly

News Stream
Turkish Industry Falls For 1st Time Since 2020
Turkey’s industrial production decreased by 1.3 percent year-on-year in November 2022, following an upwardly revised 3.2 percent rise in the previous month and compared to market expectations of a 0.95 percent fall. It was the first decline in industrial production since June 2020, as output dropped in all sectors: mining & quarrying (-8.6 percent vs -7.3 percent in October), manufacturing (-0.4 percent vs 4.4 percent) and electricity, gas, steam & air conditioning supply (-7.9 percent vs -5 percent). On a seasonally adjusted monthly basis, industrial production fell by 1.1 percent, following an upwardly revised 2.8 percent growth in the prior month.
2023-01-10
Turkey Industrial Output Growth Above Forecasts
Turkey's industrial production growth jumped 2.5 percent year-on-year in October 2022 from an upwardly revised 0.5 percent rise in the previous month, and well above market expectations of 0.08 percent. Production increased for manufacturing (3.7 percent vs 1.7 percent in September), while output declined for mining & quarrying (-7.4 percent vs -16.5 percent) and electricity, gas, steam & air conditioning supply (-4.8 percent vs -2.4 percent). On a seasonally adjusted monthly basis, industrial production rose 2.4 percent, following a 1.6 percent decline in the prior month.
2022-12-13
Turkish Industrial Output Continues to Slow
Turkey's industrial production growth eased to 0.4 percent year-on-year in September 2022 from an upwardly revised 1.1 percent rise in the previous month, and well below market expectations of 3.6 percent. It was the smallest increase in production since a contraction was recorded in June 2020, as output declined for mining & quarrying (-16.5 percent vs -11.6 percent in August) and electricity, gas, steam & air conditioning supply (-2.4 percent vs -3.7 percent). At the same time, production of manufacturing slowed (1.7 percent vs 2.3 percent). On a seasonally adjusted monthly basis, industrial production fell 1.6 percent in September, following an upwardly revised 2.5 percent gain in August.
2022-11-11