Turkey's industrial production increased by 11.4 percent year-on-year in November 2021, following an upwardly revised 8.7 percent growth in the previous period. It was the largest increase in industrial activity since August, as output grew at faster rates for intermediate goods (14.4 percent vs 13.0 percent in October), non-durable consumer goods (13.6 percent vs 9.2 percent), durable consumer goods (12.0 percent vs 6.1 percent), and capital goods (5.8 percent vs 1.7 percent). Meanwhile, energy output growth slowed slightly (4.3 percent vs 4.6 percent). On a seasonally adjusted monthly basis, industrial production rose by 3.3 percent in November, accelerating from an upwardly revised 0.7 percent expansion in October. source: Turkish Statistical Institute
Industrial Production in Turkey averaged 5.37 percent from 1986 until 2021, reaching an all time high of 66.30 percent in April of 2021 and a record low of -31.50 percent in April of 2020. This page provides the latest reported value for - Turkey Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Turkey Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.
Industrial Production in Turkey is expected to be 3.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkey Industrial Production is projected to trend around 3.20 percent in 2023, according to our econometric models.