Industrial production in Turkey increased 9 percent year-on-year in December 2020, after an 11 percent rise in November but beating forecasts of an 8.65 percent growth. It marked the seventh straight month of growth in industrial activity despite pandemic-related restrictions. Increases were seen in manufacturing output (9.5 percent vs 11.6 percent in November), mining and quarrying (6.0 percent vs 4.2 percent), and electricity, gas, steam and air conditioning supply (4.9 percent vs 7.6 percent). Among products, production of medium-high technology recorded the biggest increase (13.2 percent vs 15.6 percent). On a monthly basis, industrial production grew by 1.3 percent, the same pace as in the prior month. In the fourth quarter of 2020, industrial production advanced 10.1 percent over a year earlier. source: Turkish Statistical Institute
Industrial Production in Turkey averaged 4.98 percent from 1986 until 2020, reaching an all time high of 27.30 percent in October of 2005 and a record low of -31.20 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 March of 2021.
Industrial Production in Turkey is expected to be 2.50 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 5.40 in 12 months time. In the long-term, the Turkey Industrial Production is projected to trend around 3.60 percent in 2022, according to our econometric models.