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.

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Turkey Industrial Production


Calendar GMT Actual Previous Consensus TEForecast
2021-10-12 07:00 AM Aug 13.8% 9.7% 10.5% 9.5%
2021-11-12 07:00 AM Sep 8.9% 14.0% 10% 7.5%
2021-12-13 07:00 AM Oct 8.9%


Related Last Previous Unit Reference
Industrial Production Mom -1.50 5.60 percent Sep/21
Industrial Production 8.90 13.80 percent Sep/21
Manufacturing Production 14.20 9.00 percent Aug/21
Changes in Inventories 66411933.40 52279242.50 TRY THO Sep/21
Car Registrations 85691.00 92996.00 Oct/21
Mining Production 9.40 15.30 percent Aug/21

News Stream
Turkey Industrial Output Rises the Least in a Year
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.
2021-11-12
Turkish Industrial Output Growth Quickens in August
Turkey’s industrial production growth accelerated to 13.8 percent year-on-year in August of 2021, from an upwardly revised 9.7 percent in the previous month, beating market expectations of 10.5 percent. Output rose at faster rates for capital goods (20.5 percent vs 1.7 percent); intermediate goods (15.4 percent vs 13.8 percent); durable consumer goods (8.3 percent vs 4.8 percent); and non-durable consumer goods (9.8 percent vs 9.2 percent). Meanwhile, production slowed for energy (9.3 percent vs 10.9 percent). On a seasonally adjusted basis, industrial activity advanced 5.4 percent compared to a downwardly revised 3.4 percent slump in July.
2021-10-12
Turkish Industrial Output Growth Below Forecast
Turkey's industrial production growth slowed to 8.7 percent year-on-year in July 2021, from an upwardly revised 24.1 percent in the previous month and well below market expectations of 15.1 percent. Output rose at softer rates for intermediate goods (13.6 percent vs 28.4 percent in June), durable consumer goods (4.6 percent vs 31.5 percent), non-durable consumer goods (8.8 percent vs 18.4 percent), and energy (10.8 percent vs 16.8 percent). Meanwhile, the production of capital goods dropped for the first time since June 2020 (-2.5 percent vs 25.5 percent). On a seasonally adjusted monthly basis, industrial activity tumbled 4.2 percent, after a 2.2 percent advance.
2021-09-13

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).