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.