Turkey’s industrial production decreased by 1.3 percent year-on-year in November 2022, following an upwardly revised 3.2 percent rise in the previous month and compared to market expectations of a 0.95 percent fall. It was the first decline in industrial production since June 2020, as output dropped in all sectors: mining & quarrying (-8.6 percent vs -7.3 percent in October), manufacturing (-0.4 percent vs 4.4 percent) and electricity, gas, steam & air conditioning supply (-7.9 percent vs -5 percent). On a seasonally adjusted monthly basis, industrial production fell by 1.1 percent, following an upwardly revised 2.8 percent growth in the prior month. source: Turkish Statistical Institute
Industrial Production in Turkey averaged 5.40 percent from 1986 until 2022, reaching an all time high of 66.00 percent in April of 2021 and a record low of -31.50 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 February of 2023.
Industrial Production in Turkey is expected to be 3.10 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 4.20 percent in 2024, according to our econometric models.