Industrial Production in Turkey increased 8.50 percent in June of 2022 over the same month in the previous year. source: Turkish Statistical Institute

Industrial Production in Turkey averaged 5.44 percent from 1986 until 2022, reaching an all time high of 66 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 August of 2022.

Industrial Production in Turkey is expected to be 4.00 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 0.70 percent in 2023 and 4.20 percent in 2024, according to our econometric models.

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
Turkey Industrial Production

Calendar GMT Actual Previous Consensus TEForecast
2022-07-14 07:00 AM May 9.1% 10.8% 8% 7.2%
2022-08-12 07:00 AM Jun 8.5% 9.1% 6.7% 5.8%
2022-09-13 07:00 AM Jul 4.5%

Related Last Previous Unit Reference
Industrial Production Mom 1.30 0.50 percent Jun 2022
Industrial Production 8.50 9.10 percent Jun 2022
Manufacturing Production 10.70 11.98 percent May 2022
Changes in Inventories 223056356.20 89839053.90 TRY THO Mar 2022
Car Registrations 109277.00 112709.00 Jun 2022
Mining Production -5.70 7.36 percent May 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
8.50 9.10 66.00 -31.50 1986 - 2022 percent Monthly

News Stream
Turkey Industrial Output Growth Above Forecasts
Turkey’s industrial production expanded by 9.1% year-on-year in May of 2022, following a 10.8% jump in the previous month and above market expectations of an 8% advance. It marks the 23rd consecutive month of rising industrial activity, as output continued to grow at solid rates for capital goods (17% vs 13.4% in April) and non-durable consumer goods (15.2% vs 18.6%). Other positive contributions came from intermediate goods (4.8% vs 8.1%); durable consumer goods (3.1% vs 6%) and energy (2.1% vs 1.5%). On a seasonally adjusted monthly basis, industrial production went up by 0.5%, after stalling in the previous month.
Turkey Industrial Production Beats Market Forecasts
Turkey’s industrial production expanded by 10.8 percent year-on-year in April of 2022, quickening from an upwardly revised 9.8 percent increase in the previous month and well above market expectations of a 7.95 percent rise. Among sub-sectors, output rose the fastest in production of non-durable consumer goods (18.4 percent vs 16.4 percent); followed by capital goods (13.2 percent vs 4.9 percent); intermediate goods (8.1 percent vs 9.0 percent); durable goods (5.8 percent vs 7.8 percent); and lastly, energy (2.4 percent vs 6.1 percent). On a seasonally adjusted monthly basis, industrial production was unchanged from the previous month, after contracting by 1.7 percent in the prior period.
Turkish Industrial Output Growth Eases in March
Turkey’s industrial production grew by 9.6 percent year-on-year in March of 2022, easing from a 13.3 percent expansion in the previous period but above market expectations of a 6.5 percent rise. Output eased for both durable (7.4 percent vs 11.8 percent in February) and non-durable consumer goods (16.1 percent vs 19.0 percent). On top of that, production rose at a softer pace for capital goods (4.6 percent vs 13.3 percent), intermediate goods (8.9 percent vs 11.9 percent), and energy (6.2 percent vs 7.0 percent). On a seasonally adjusted monthly basis, industrial production declined by 1.8 percent, following a 4.4 percent gain in the prior period.