Turkey's industrial production fell 19.9 percent from a year earlier in May of 2020, after a downwardly revised 31.3 percent tumble in April and compared with market expectations of a 22.5 percent slump, amid the gradual lifting of lockdown restrictions from May. Output decreased less in all categories: durable consumer goods (-33.4 percent vs -48.5 percent in April); non-durable consumer goods (-20.4 percent vs -31.3 percent); intermediate goods (-17.6 percent vs -27.7 percent) and capital goods (-24.2 percent vs -43 percent) and energy (-14.4 percent vs -15.6 percent). On a seasonally adjusted monthly basis, industrial production rose 17.4 percent, recovering significantly from a downwardly revised 30.2 percent plunge in the previous month.

Industrial Production in Turkey averaged 4.93 percent from 1986 until 2020, reaching an all time high of 27.30 percent in October of 2005 and a record low of -31.30 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 August of 2020. source: Turkish Statistical Institute

Industrial Production in Turkey is expected to be -3.20 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 4.00 in 12 months time. In the long-term, the Turkey Industrial Production is projected to trend around 5.40 percent in 2021 and 3.60 percent in 2022, according to our econometric models.

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Turkey Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-19.90 -31.30 27.30 -31.30 1986 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-04-13 07:00 AM Feb 7.5% 7.7% 7.5% 7%
2020-05-14 07:00 AM Mar -2% 8.5% 1.8% -4.7%
2020-06-12 07:00 AM Apr -31.4% -1.7% -17% -18.2%
2020-07-13 07:00 AM May -19.9% -31.3% -22.5% -21.4%
2020-08-14 07:00 AM Jun -19.9% -12.7%
2020-09-14 07:00 AM Jul
2020-10-13 07:00 AM Aug
2020-11-13 07:00 AM Sep -3.2%


News Stream
Turkey Industrial Sector Downturn Eases in May
Turkey's industrial production fell 19.9 percent from a year earlier in May of 2020, after a downwardly revised 31.3 percent tumble in April and compared with market expectations of a 22.5 percent slump, amid the gradual lifting of lockdown restrictions from May. Output decreased less in all categories: durable consumer goods (-33.4 percent vs -48.5 percent in April); non-durable consumer goods (-20.4 percent vs -31.3 percent); intermediate goods (-17.6 percent vs -27.7 percent) and capital goods (-24.2 percent vs -43 percent) and energy (-14.4 percent vs -15.6 percent). On a seasonally adjusted monthly basis, industrial production rose 17.4 percent, recovering significantly from a downwardly revised 30.2 percent plunge in the previous month.
2020-07-13
Turkish Industrial Output Suffers Historic Slump
Turkey's industrial production plummeted 31.4 percent from a year earlier in April of 2020, following a downwardly revised 1.7 percent decrease in the prior month and beating market expectations of a 17 percent slump. It was the worst downturn in industrial activity since available records began in January of 1986, as many factories halted operations due to the Covid-19 crisis. Production of durable consumer goods led the declines, slipping 49.3 percent (vs -15.7 percent in March), followed by capital goods (-42.9 percent vs -6.4 percent), non-durable consumer goods (-31.5 percent vs -2.4 percent), intermediate goods (-27.9 percent vs 2.3 percent) and energy (-15.6 percent vs -1.1 percent). On a seasonally adjusted monthly basis, industrial production sank 30.4 percent, the most on record, compared to a downwardly revised 6.8 percent fall in the previous month.
2020-06-12
Turkish Industrial Output Falls Unexpectedly
Turkey's industrial production slumped 2 percent from a year earlier in March 2020, following an upwardly revised 8.5 percent growth in the previous month and missing market expectations of a 1.8 percent expansion. It was the first decline in output since August last year as efforts to contain the coronavirus pandemic hit activity. Production of durable consumer goods led the declines, tumbling 16.6 percent (vs -2.9 percent in February), followed by capital goods output (-6.8 percent vs 14.4 percent), non-durable consumer goods (-3.0 percent vs 6.4 percent) and energy (-1.1 percent vs 3.8 percent). Meanwhile, intermediate goods output growth slowed sharply to 2.1 percent from 9.8 percent. On a seasonally adjusted monthly basis, industrial production plummeted 7.1 percent.
2020-05-14
Turkey Industrial Output Growth Slows in February
Turkey's industrial production rose 7.5 percent from a year earlier in February 2020, easing from a downwardly revised 7.7 percent gain in the previous month and matching market expectations. Output growth slowed for intermediate goods (9.1 percent vs 10.1 percent in January), non-durable consumer goods (5.4 percent vs 8.1 percent) and energy (3.7 percent vs 5.6 percent). Also, production of durable consumer goods fell 3.9 percent, after increasing 2.1 percent in January. In contrast, capital goods output advanced at a faster pace (12 percent vs 3.9 percent).
2020-04-13

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).