Turkey's industrial production rose 5.1 percent from a year earlier in November 2019, accelerating from an upwardly revised 3.9 percent growth in the previous month, but below market expectations of 6.2 percent. This was the third straight month of increase in industrial production and at the fastest pace since July 2018, boosted by production of intermediate goods (6.7 percent vs 4.3 percent in November), energy (7.2 percent vs 8.3 percent), capital goods (7.5 percent vs 2.8 percent), and non-durable consumer goods (5.2 percent vs 5.3 percent). Meantime, durable consumer goods output continued to plunge (-13.1 percent vs -5.6 percent in October). On a seasonally adjusted monthly basis, industrial output increased 0.7 percent, after a 0.9 percent drop in October.

Industrial Production in Turkey averaged 5.07 percent from 1986 until 2019, reaching an all time high of 27.30 percent in October of 2005 and a record low of -21.20 percent in February of 2009. 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. source: Turkish Statistical Institute

Industrial Production in Turkey is expected to be 2.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Turkey to stand at 2.80 in 12 months time. In the long-term, the Turkey Industrial Production is projected to trend around 3.40 percent in 2020, according to our econometric models.


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Turkey Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
5.10 3.90 27.30 -21.20 1986 - 2019 percent Monthly

Calendar GMT Actual Previous Consensus TEForecast
2019-10-14 07:00 AM Aug -3.6% -1.1% -0.8%
2019-11-14 07:00 AM Sep 3.4% -3.6% -2.4%
2019-12-13 07:00 AM Oct 3.8% 3.6% 6.2% 2.2%
2020-01-14 07:00 AM Nov 5.1% 3.9% 6.2% 5.1%
2020-02-13 07:00 AM Dec 5.1% 1.5%


News Stream
2019-12-13
Turkish Industrial Output Expands Less than Forecast
Turkey's industrial production rose 3.8 percent from a year earlier in October 2019, accelerating from an upwardly revised 3.6 percent growth in the previous month, but far below market expectations of 6.2 percent. This was the second straight month of increase in industrial production, boosted by production of intermediate goods (4.2 percent vs 0.1 percent), energy (8.4 percent vs 8.2 percent), capital goods (3.0 percent vs 7.1 percent), and non-durable consumer goods (4.9 percent vs 9.3 percent). In addition, durable consumer goods production fell at softer 5.1 percent (vs -15.6 percent in September). On a seasonally adjusted monthly basis, industrial output decreased 0.9 percent, after an upwardly revised 3.4 percent gain in September.

2019-11-14
Turkish Industrial Output Rises for First Time in a Year
Turkey's industrial production jumped 3.4 percent from a year earlier in September 2019, following 12 consecutive months of declines, as output rebounded for both capital (6.9 percent vs -5 percent in August) and intermediate goods (0.1 percent vs –6.5 percent). Also, output continued to grow for non-durable consumer goods (8.9 percent vs 0.9 percent) and energy (8.1 percent vs 3.6 percent). Meantime, durable consumer goods production slumped 15.8 percent (vs -8.9 percent in August). On a seasonally adjusted monthly basis, industrial output increased 3.2 percent, after a 2.7 percent fall in August.

2019-10-14
Turkish Industrial Output Falls for 12th Month
Turkey industrial production dropped 3.6 percent over a year earlier in August 2019, following a downwardly revised 1.1 percent fall in the previous month. That was the 12th consecutive month of contraction in the industry sector, as output went down for capital goods (-5 percent vs 2.1 percent in July). Also, production declined further for durable consumer goods (-9 percent vs -6.7 percent) and intermediate (-6.5 percent vs -5.2 percent). Additionally, output growth eased for non-durable consumer goods (0.9 percent vs 3.5 percent). Meanwhile, energy production increased at a faster pace (3.6 percent vs 2.2 percent). On a seasonally adjusted monthly basis, industrial output decreased 2.8 percent, after a 4.3 percent gain in the prior month.

2019-09-13
Turkish Industrial Output Falls for 11th Month
Turkey industrial production fell 1.2 percent from a year earlier in July 2019, following a revised 3.7 percent drop in the previous month. That was the 11th straight month of contraction in the industry sector, led by declines in durable consumer goods production (-7 percent vs 14.4 percent) and intermediate goods output (-5.3 percent vs -7.9 percent). In contrast, non-durable consumer goods production rose by the most (3.3 percent vs -1.6 percent), followed by energy (2.3 percent vs 3.9 percent) and capital goods (2 percent vs -5.7 percent). On a seasonally adjusted monthly basis, industrial output jumped 4.3 percent in July, reversing a 3.5 percent slump in June.

2019-08-16
Turkey Industrial Production Falls the Most in 4 Months
Turkey's industrial production shrank 3.9 percent year-on-year in June of 2019, following a 1.3 percent slump in the previous month and above an expected 1.01 percent fall. It was the tenth straight monthly decline in industrial activity and the steepest since February. Output dropped further for intermediate goods (-8.1 percent from -6.6 percent in May) and production decreased for non-durable goods (-2.0 percent from 1.0 percent) and capital goods (-5.8 percent from 3.0 percent). Meantime, output slowed for energy (3.9 percent from 7.7 percent) while it rebounded for durable consumer goods (14.9 percent from -1.5 percent). On a seasonally adjusted monthly basis, industrial production slumped 3.7 percent, after a downwardly revised 1.2 percent gain in May.

2019-07-12
Turkey Industrial Output Falls Less than Expected
Turkey's industrial production shrank 1.3 percent year-on-year in May 2019, following a downwardly revised 3.8 percent slump in the prior month but less than an expected 2.35 percent decline. Industrial activity has been falling uninterruptedly since last September. In May, output went down for intermediate goods (-6.7 percent vs -8.3 percent in April); durable consumer goods (-2.1 percent vs 0.5 percent); while slowed for non-durable consumer goods (0.9 percent vs 2.1 percent). On the other hand, output grew faster for energy (7.7 percent vs 4.6 percent) and it rebounded for capital goods (3.4 percent vs -7.6 percent). On a seasonally adjusted monthly basis, industrial production rose 1.3 percent, after a downwardly revised 0.9 percent fall in the previous month.


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).

Turkey Business Last Previous Highest Lowest Unit
Business Confidence 103.60 102.00 123.30 52.60 points [+]
Manufacturing PMI 49.50 49.50 55.70 42.70 points [+]
Industrial Production 5.10 3.90 27.30 -21.20 percent [+]
Industrial Production Mom 0.70 -0.90 16.70 -13.40 percent [+]
Manufacturing Production 5.30 3.80 25.60 -13.40 percent [+]
Capacity Utilization 77.00 77.20 82.00 58.70 percent [+]
Changes in Inventories -1236659.20 -7288063.90 26229983.10 -52290379.90 TRY THO [+]
Bankruptcies 2290.00 1103.00 3113.00 11.00 Companies [+]
Total Vehicle Sales 90500.00 58176.00 156173.00 1764.00 [+]
Car Production 135775.00 135951.00 163459.00 1421.00 Units [+]
Car Registrations 67126.00 68069.00 157531.00 5921.00 [+]
Leading Economic Index 3.63 5.12 12.75 -7.01 percent [+]
Internet Speed 7557.69 7551.73 7560.46 1008.59 KBps [+]
IP Addresses 8079762.00 7904681.00 9682770.00 2632946.00 IP [+]
Mining Production 7.20 6.60 39.90 -27.70 percent [+]
Steel Production 2884.71 2687.07 3368.15 152.00 Thousand Tonnes [+]
Competitiveness Index 62.14 61.60 62.14 4.13 Points [+]
Competitiveness Rank 61.00 61.00 63.00 43.00 [+]
Ease of Doing Business 33.00 43.00 73.00 33.00 [+]
Electricity Production 23633.00 23872.00 29183.00 14829.00 Gigawatt-hour [+]
Corruption Index 39.00 41.00 50.00 31.00 Points [+]
Corruption Rank 91.00 78.00 91.00 29.00 [+]