Turkey's industrial production increased by 8.1 percent from a year earlier in September 2020, following an upwardly revised 10.6 percent growth in the previous month. It was the fourth straight month of expansion in production, as the economy continued to recover from the pandemic shock. There were increases in production of intermediate goods (10.9 percent vs 13.7 percent in August), durable consumer goods (16.2 percent vs 12.9 percent), capital goods (10.4 percent vs 10.5 percent), and non-durable consumer goods (2.4 percent vs 9.5 percent). In addition, energy production grew by 2.5 percent, the first expansion since February. On a monthly basis, industrial output rose by 1.7 percent in September. source: Turkish Statistical Institute
Industrial Production in Turkey averaged 4.94 percent from 1986 until 2020, reaching an all time high of 27.30 percent in October of 2005 and a record low of -31.30 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 November of 2020.
Industrial Production in Turkey is expected to be -2.80 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 2.90 in 12 months time. In the long-term, the Turkey Industrial Production is projected to trend around 5.40 percent in 2021 and 3.60 percent in 2022, according to our econometric models.