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.

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Turkey Industrial Production


Calendar GMT Actual Previous Consensus TEForecast
2021-12-13 07:00 AM Oct 8.5% 9.0% 8.3% 7.5%
2022-01-13 07:00 AM Nov 11.4% 8.7% 6.4%
2022-02-11 07:00 AM Dec 11.4%


Related Last Previous Unit Reference
Industrial Production Mom 3.30 0.70 percent Nov/21
Industrial Production 11.40 8.70 percent Nov/21
Manufacturing Production 12.50 9.30 percent Nov/21
Changes in Inventories 66411933.40 52279242.50 TRY THO Sep/21
Car Registrations 88743.00 85691.00 Nov/21
Mining Production 7.50 9.80 percent Nov/21

News Stream
Turkish Industrial Output Growth Strongest in 3 Months
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.
2022-01-13
Turkish Industrial Output Growth Eases in October
Turkey's industrial production grew by 8.5 percent year-on-year in October 2021, following an upwardly revised 9.0 percent expansion in the previous period and beating market expectations of 8.3 percent. It was the smallest increase in industrial activity since September 2020, although the rate of growth remained strong overall. Output rose for all categories: intermediate goods (12.9 percent vs 13.3 percent); non-durable consumer goods (9.0 percent vs 8.4 percent); durable consumer goods (5.7 percent vs 10.7 percent); energy products (4.6 percent vs 1.5 percent); and capital goods (1.6 percent vs 4.1 percent). On a seasonally adjusted monthly basis, industrial production rebounded 0.6 percent in October, after a 1.5 percent contraction in September.
2021-12-13
Turkey Industrial Output Rises the Least in a Year
Turkey’s industrial production growth slowed to 8.9 percent year-on-year in September of 2021 from an upwardly revised 14.0 percent in the previous month, below market expectations of 10.0 percent. This was the lowest reading since September 2020, as output grew at softer rates for capital goods (3.9 percent vs 20.5 percent in August), intermediate goods (13.2 percent vs 15.6 percent), non-durable consumer goods (8.4 percent vs 10.2 percent), and energy (1.5 percent vs 9.3 percent). Meantime, the production of durable consumer goods went up at a stronger pace (10.7 percent vs 8.6 percent). On a seasonally adjusted basis, industrial activity fell by 1.5 percent, after an upwardly revised 5.6 percent gain in August.
2021-11-12

Turkey Industrial Production
In Turkey, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 84 percent of total production. The biggest segments within Manufacturing are: Food products (16 percent of total production); basic metals (11 percent); motor vehicles, trailers and semi-trailers (9 percent); textile (8 percent); other non-metallic mineral products (6 percent); rubber and plastic products (5 percent); chemicals and chemical products (5 percent); electrical equipment (5 percent); wearing apparel (5 percent); and fabricated metal products (5 percent).