Turkey's industrial output grew 23.9 percent year-on-year in June of 2021, slowing from an upwardly revised 40.9 percent jump in May. It exceeds market forecasts of a 21.1 percent gain, reflecting the ongoing economic recovery and the low base year effects caused by the COVID-19 pandemic. Production was up for durable consumer goods (30.9 percent), intermediate goods (28.3 percent), capital goods (25 percent), non-durable consumer goods (18.1 percent), and energy products (16.8 percent). On a seasonally adjusted basis, industrial output increased 2.3 percent, after an upwardly revised 1.5 percent rise. In the second quarter of 2021, industrial activity grew 41.1 percent over a year ago. source: Turkish Statistical Institute
Industrial Production in Turkey averaged 5.30 percent from 1986 until 2021, reaching an all time high of 66.30 percent in April of 2021 and a record low of -31.40 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 September of 2021.
Industrial Production in Turkey is expected to be 5.60 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 3.60 percent in 2022 and 3.20 percent in 2023, according to our econometric models.