Turkey’s industrial production growth slowed to 8.9 percent year-on-year in September of 2021 from an upwardly revised 14.0 percent in the previous month, below market expectations of 10.0 percent. This was the lowest reading since September 2020, as output grew at softer rates for capital goods (3.9 percent vs 20.5 percent in August), intermediate goods (13.2 percent vs 15.6 percent), non-durable consumer goods (8.4 percent vs 10.2 percent), and energy (1.5 percent vs 9.3 percent). Meantime, the production of durable consumer goods went up at a stronger pace (10.7 percent vs 8.6 percent). On a seasonally adjusted basis, industrial activity fell by 1.5 percent, after an upwardly revised 5.6 percent gain in August. source: Turkish Statistical Institute
Industrial Production in Turkey averaged 5.34 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 December of 2021.
Industrial Production in Turkey is expected to be 4.90 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.