Turkey Industrial Output Falls the Most in 5 Months

Industrial production in Turkey dropped 1.4% year-on-year in June 2026, deepening from a revised 0.1% decline in May and marking the second consecutive month of contraction. It was also the steepest drop since January, as manufacturing output fell for the first time in three months (-1.5% vs 0.2%), weighed down by weaker production of tobacco products, wearing apparel, leather and related products, printing, and rubber and plastic products. Meanwhile, mining and quarrying activity continued to contract, although the pace of decline eased (-1.6% vs -5.5%). In contrast, electricity, gas, steam, and air-conditioning supply continued to expand, accelerating slightly to 1.1% from 1.0%. On a monthly basis, industrial production edged up 0.1%, reversing a revised 3.0% decline 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.