Turkish Industrial Output Growth at 8-Month Low

Industrial production in Turkey shrank 2.1% year-on-year in December 2025, reversing a downwardly revised 2.2% expansion in the previous month and marking the first annual decline since February. The setback was largely driven by manufacturing, where output fell after posting nine consecutive months of growth (-27% vs 2.5% in November). In contrast, mining and quarrying activity strengthened further (1.9% vs 0.5%), while electricity, gas, and air-conditioning supply rebounded (2.4% vs -2.0%). On a monthly basis, industrial output increased by 1.2%, though the pace moderated from November’s 2.5% gain, which had been the strongest monthly rise in six months.

Industrial production in Turkey rose 2.4% year-on-year in November 2025, accelerating from a 2.2% increase in October and marking the ninth consecutive month of growth. The improvement was driven mainly by stronger manufacturing output, which expanded at a faster pace (2.7% vs 1.9% in October). Mining and quarrying activity slowed sharply (0.2% vs 9.4%), while output in electricity, gas, and air-conditioning supply contracted (-2.0% vs 0.6%). On a month-on-month basis, industrial production jumped 2.5%, rebounding from a 0.7% decline in October, suggesting a renewed pickup in industrial momentum toward the end of the year.

Industrial production in Turkey increased by 2.2% year-on-year in October 2025, easing from a marginally revised 3.0% growth in the previous month and marking the slowest rise since February. Output rose at a slower pace for both manufacturing (1.9% vs 2.8% in September) and electricity, gas, and air-conditioning supply (0.6% vs 5.3%). Meanwhile, mining and quarrying activity picked up strongly (9.4% vs 3.0%). On a monthly basis, industrial output fell 0.8%, much slower than a 2.1% rise in September.