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. source: Turkish Statistical Institute

Industrial Production in Turkey averaged 5.26 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 August 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. Looking forward, we estimate Industrial Production in Turkey to stand at 4.40 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.

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Turkey Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
40.70 66.30 66.30 -31.40 1986 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-04-13 07:00 AM Feb 8.8% 11.3% 8.9% 9.1%
2021-05-11 07:00 AM Mar 16.6% 8.9% 12.5% 9.5%
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 40.7% 12.3%
2021-09-13 07:00 AM Jul
2021-10-12 07:00 AM Aug
2021-11-12 07:00 AM Sep
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
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 Output Grows Most in 9-1/2 Years
Turkey's industrial output growth accelerated to 16.6 percent year-on-year in March 2021, from an upwardly revised 8.9 percent in the previous month and easily beating market consensus of 12.5 percent. It was the largest increase in industrial activity since August 2011, boosted by the production of durable consumer goods (29.8 percent), capital goods (21.2 percent); intermediate goods (18.8 percent); non-durable consumer goods (11.1 percent); and energy (8.6 percent). On a seasonally adjusted basis, industrial output advanced 0.7 percent in March, compared with 0.2 percent in February. In the first quarter of 2021, industrial production increased by 12.3 percent compared with the same quarter of the previous year and by 2.6 percent compared with the previous quarter.
2021-05-11
Turkish Industrial Output Growth Softens in February
Turkey's industrial production growth slowed to 8.8 percent year-on-year in February 2021, from a revised 11.3 percent in the previous month and broadly in line with market forecasts of 8.9 percent. Output rose at a softer pace for intermediate goods (13.7 percent vs 16.3 percent in January), durable consumer goods (19.5 percent vs 20.6 percent), non-durable consumer goods (5.1 percent vs 6.6 percent), and capital goods (5.9 percent vs 11.1 percent). Meanwhile, energy production declined 1.7 percent, compared to a 0.3 percent fall in January.
2021-04-13

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).