Turkey Industrial Output Falls the Most in 7 Months

Turkey’s industrial production increased 2.6% year-on-year in September 2026, reversing a downwardly revised 1.7% decline in the previous month and marking the first growth since April. Manufacturing output bounced back (2.6% vs -2.4% in August), driven by higher output in food products, beverages, tobacco products, leather and related products, paper and paper products, coke and refined petroleum, chemicals, basic pharmaceuticals, and rubber and plastic products. Also, electricity, gas, steam and air-conditioning supply accelerated (4.0% vs 1.4%). Meanwhile, mining and quarrying output rose more slowly (1.2% vs 2.0%). On a monthly basis, industrial output rose 2.1%, swinging from a marginally revised 0.9% decline in August and pointing to the first rise in three months.

Turkey’s industrial production fell 1.9% year-on-year in August 2026, deepening from a marginally revised 0.2% decline in the previous month and marking the fourth consecutive month of contraction. It was also the steepest annual drop since January, as manufacturing output fell 2.5%, reversing July's 0.3% increase. The decline was driven by weaker output in beverages, tobacco products, wearing apparel, wood and wood products, printing, basic pharmaceuticals, and rubber and plastic products. In contrast, mining and quarrying output rose for the first time in six months (1.7% vs -4.1% in July). Electricity, gas, steam and air-conditioning supply also rebounded, rising 1.3% following a 4.8% decline in the previous month. On a monthly basis, industrial output fell 1.0%, following a marginally revised 0.9% decrease in July.

Industrial production in Turkey fell 0.3% year-on-year in July 2026, easing from a downwardly revised 1.3% drop in June, but marking the third consecutive month of decline. Output fell further in mining and quarrying, by 3.8% following a 1.4% decline in June, while electricity, gas, steam, and air-conditioning supply decreased 5.6% after rising 1.1% previously. Offsetting these declines, manufacturing activity rebounded 0.3% (vs. -1.4%), as output recovered for the manufacture of tobacco products (1.1% vs. -2.8%), leather and related products (0.2% vs. -3.1%), computer, electronic and optical products (4.4% vs. -5.6%), and machinery and equipment (0.8% vs. -7.6%). Output growth also picked up for textiles (4.5% vs. 1.3%) and other non-metallic mineral products (4.0% vs. 1.8%). On a monthly basis, industrial production dropped 1%, following an upwardly revised 0.2% gain in June.