Turkish Industrial Output Falls for First Time in 10 Months

Industrial production in Turkey fell 1.8% year-on-year in January 2026, easing from a 2.1% drop in December. Manufacturing output (-2.5% vs -2.7% in December) declined at a slower pace, driven by manufacture of food products (-2.6% vs -6.8%), machinery and equipment nec (-9.2% vs -6.5%), and other transport equipment (-2.8% vs -9.3%). Overall production was also supported by higher output in electricity, gas, steam, and air-conditioning supply (5.6% vs 2.4%). In contrast, production dropped in mining and quarrying (-2.8% vs 2%), particularly in crude petroleum and natural gas extraction (-2.1% vs 6%) and other mining and quarrying activities (-0.8% vs 18.3%). On a monthly basis, industrial activity tumbled 2.8%, reversing a 1.2% rise in December 2025.

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.