Turkey’s industrial production expanded by 10.8 percent year-on-year in April of 2022, quickening from an upwardly revised 9.8 percent increase in the previous month and well above market expectations of a 7.95 percent rise. Among sub-sectors, output rose the fastest in production of non-durable consumer goods (18.4 percent vs 16.4 percent); followed by capital goods (13.2 percent vs 4.9 percent); intermediate goods (8.1 percent vs 9.0 percent); durable goods (5.8 percent vs 7.8 percent); and lastly, energy (2.4 percent vs 6.1 percent). On a seasonally adjusted monthly basis, industrial production was unchanged from the previous month, after contracting by 1.7 percent in the prior period. source: Turkish Statistical Institute
Industrial Production in Turkey averaged 5.43 percent from 1986 until 2022, reaching an all time high of 66 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 June of 2022.
Industrial Production in Turkey is expected to be 4.40 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.