Turkey’s industrial production slumped 9.8 percent year-on-year in December 2018, following an upwardly revised 6.6 percent drop in the previous month. It was the fourth straight month of decline in industrial production and the steepest since June 2009, as output contracted for intermediate goods (-14.9 percent vs -11.9 percent); durable consumer goods (-8.9 percent vs 9.8 percent); capital goods (-8.6 percent vs -8.4 percent); non-durable consumer goods (-6.4 percent vs -3 percent); and energy (-0.3 percent vs 0.8 percent). On a monthly basis, industrial production went down 1.4 percent in December, the fifth straight month of contraction. Industrial Production in Turkey averaged 5.27 percent from 1986 until 2018, 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.

Industrial Production in Turkey is expected to be 0.80 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 2.50 percent in 2020, according to our econometric models.

Turkey Industrial Production
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-16 07:00 AM Industrial Production YoY -2.7% 1.6% -2% 1.1%
2018-12-17 07:00 AM Industrial Production YoY -5.7% -2.4% -4% -4.9%
2019-01-14 07:00 AM Industrial Production YoY -6.5% -5.7% -4.4%
2019-02-14 07:00 AM Industrial Production YoY -9.8% -6.6% -7.5% -5%
2019-03-14 07:00 AM Industrial Production YoY -9.8%
2019-04-16 07:00 AM Industrial Production YoY
2019-05-14 07:00 AM Industrial Production YoY 0.8%


Turkey Business Last Previous Highest Lowest Unit
Business Confidence 97.20 93.00 123.30 52.60 Index Points [+]
Manufacturing PMI 44.20 44.20 55.70 42.70 [+]
Industrial Production -9.80 -6.60 27.30 -21.20 percent [+]
Industrial Production Mom -1.40 -0.30 16.70 -13.40 percent [+]
Manufacturing Production -10.80 -7.20 31.00 -24.50 percent [+]
Capacity Utilization 74.00 74.40 82.00 58.70 percent [+]
Changes in Inventories -3640862.40 -5151941.80 27201230.50 -23785271.80 TRY THO [+]
Bankruptcies 2092.00 2186.00 3113.00 11.00 Companies [+]
Total Vehicle Sales 14373.00 77706.00 156173.00 1764.00 [+]
Car Production 109871.00 122993.00 163459.00 1421.00 Units [+]
Car Registrations 56112.00 66578.00 157531.00 5921.00 [+]
Leading Economic Index -0.40 -0.40 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 [+]
Steel Production 2886.33 3140.80 3368.15 152.00 Thousand Tonnes [+]
Mining Production -2.10 -1.10 39.90 -27.70 percent [+]
Competitiveness Index 61.60 61.42 61.60 4.13 Points [+]
Competitiveness Rank 61.00 58.00 63.00 43.00 [+]
Ease of Doing Business 43.00 60.00 73.00 43.00 [+]
Electricity Production 25747.00 23932.00 29183.00 14829.00 Gigawatt-hour [+]
Corruption Index 41.00 40.00 50.00 31.00 Points [+]
Corruption Rank 78.00 81.00 81.00 29.00 [+]


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). 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 - actual data, historical chart and calendar of releases - was last updated on February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-9.80 -6.60 27.30 -21.20 1986 - 2018 percent Monthly




Country Last Previous
Argentina -14.70 Dec/18
Australia 2.80 Sep/18
Brazil -3.60 Dec/18
Canada 4.20 Oct/18
China 5.70 Dec/18
Euro Area -4.20 Dec/18
France -1.40 Dec/18
Germany -3.90 Dec/18
India 2.40 Dec/18
Indonesia 0.60 Oct/18
Italy -5.50 Dec/18
Japan -1.90 Dec/18
Mexico -2.50 Dec/18
Netherlands 0.40 Nov/18
Russia 1.10 Jan/19
Saudi Arabia 5.84 Jun/18
Singapore 2.70 Dec/18
South Africa 0.10 Dec/18
South Korea 1.60 Dec/18
Spain -6.20 Dec/18
Switzerland 5.10 Dec/18
Turkey -9.80 Dec/18
United Kingdom -0.90 Dec/18
United States 3.80 Jan/19


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