Turkey Industrial Output Stalls in May

Industrial production in Turkey was unchanged year-on-year in May 2026, following a marginally revised 6.1% increase in the previous month, which marked the strongest annual growth since August 2025. Manufacturing output, the largest component, slowed sharply (0.3% vs 6.9% in April), weighed down by weaker production of tobacco products, wearing apparel, leather and related products, printing, and coke and refined petroleum products. Also, growth in electricity, gas, steam, and air-conditioning supply eased (1.0% vs 1.8%). Meanwhile, the decline in mining and quarrying activity deepened (-5.0% vs- 2.8%), weighing on overall industrial performance. On a monthly basis, industrial production fell 2.9%, reversing a marginally revised 3.8% gain in April, suggesting momentum softened after the previous month's strong rebound.

Industrial production in Turkey rose 6.0% year-on-year in April 2026, reversing a 1.1% decline in the previous month and marking only the second annual increase so far this year. It also recorded the strongest growth since August 2025. The strong recovery was driven mainly by manufacturing output, which increased 6.8% after falling 1.3% in March. Meanwhile, the decline in mining and quarrying activity eased (2.8% vs 5.6%). Simultaneously, growth in electricity, gas, steam, and air-conditioning supply slowed sharply (1.8% vs 5.8%). On a monthly basis, industrial production climbed 3.7%, rebounding from a 0.8% decline in March and pointing to the strongest monthly expansion since December 2024.

Industrial production in Turkey rose 2.2% year-on-year in February 2026, rebounding from an upwardly revised 1.9% decline in January. Output recovered in manufacturing (2.4% vs -2.6% in January), notably chemicals and chemical products (1.7% vs -1.7%), non-metallic mineral products (7.3% vs -10%), basic metals (3% vs -0.5%), and other transport equipment (58.4% vs -1.6%). Production growth also accelerated for coke and refined petroleum products (6.3% vs 5.3%). Output in mining and quarrying also rebounded by 4.1%, following a 2.5% drop in January, driven by higher production of metal ores (2% vs -10.7%) and other mining and quarrying (12.7% vs 0.3%). Meanwhile, activity declined for electricity, gas, steam, and air-conditioning supply (-2.2% vs 5.6%). On a monthly basis, industrial output rose 2.6%, rebounding from an upwardly revised 2.9% decline in January and marking the strongest growth since May 2025.