Turkey's industrial production growth slowed to 8.8 percent year-on-year in February 2021, from a revised 11.3 percent in the previous month and broadly in line with market forecasts of 8.9 percent. Output rose at a softer pace for intermediate goods (13.7 percent vs 16.3 percent in January), durable consumer goods (19.5 percent vs 20.6 percent), non-durable consumer goods (5.1 percent vs 6.6 percent), and capital goods (5.9 percent vs 11.1 percent). Meanwhile, energy production declined 1.7 percent, compared to a 0.3 percent fall in January. source: Turkish Statistical Institute

Industrial Production in Turkey averaged 5 percent from 1986 until 2021, reaching an all time high of 27.30 percent in October of 2005 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 April of 2021.

Industrial Production in Turkey is expected to be 7.00 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 3.80 in 12 months time. 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.

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Turkey Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
8.80 11.30 27.30 -31.40 1986 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-01-13 07:00 AM Nov 11% 10.4% 9.55% 9.4%
2021-02-12 07:00 AM Dec 9.0% 11% 8.65% 9.1%
2021-03-12 07:00 AM Jan 11.4% 9.2% 8.5% 8.5%
2021-04-13 07:00 AM Feb 8.8% 11.3% 8.9% 9.1%
2021-05-11 07:00 AM Mar 8.8% 9.5%
2021-06-11 07:00 AM Apr
2021-07-13 07:00 AM May
2021-08-12 07:00 AM Jun


News Stream
Turkish Industrial Output Growth Softens in February
Turkey's industrial production growth slowed to 8.8 percent year-on-year in February 2021, from a revised 11.3 percent in the previous month and broadly in line with market forecasts of 8.9 percent. Output rose at a softer pace for intermediate goods (13.7 percent vs 16.3 percent in January), durable consumer goods (19.5 percent vs 20.6 percent), non-durable consumer goods (5.1 percent vs 6.6 percent), and capital goods (5.9 percent vs 11.1 percent). Meanwhile, energy production declined 1.7 percent, compared to a 0.3 percent fall in January.
2021-04-13
Turkish Industrial Output Expands the Most in 3 Years
Industrial production in Turkey increased 11.4 percent year-on-year in January 2021, after an upwardly revised 9.2 percent gain in December 2020, and beating forecasts of an 8.5 percent rise. It marked the eighth straight month of growth in industrial activity at the strongest pace since January 2018, boosted by increases in manufacturing output (12.1 percent vs 9.6 percent in December) and mining and quarrying (15.4 percent vs 5.8 percent). Meanwhile, electricity, gas, steam and air conditioning supply edged down (-0.1 percent vs 4.9 percent). Among products, production of medium-high technology recorded the biggest increase (20.9 percent vs 13.4 percent). On a monthly basis, industrial production grew by 1.0 percent, the least since April's record slump.
2021-03-12
Turkish Industrial Output Grows for 7th Month
Industrial production in Turkey increased 9 percent year-on-year in December 2020, after an 11 percent rise in November but beating forecasts of an 8.65 percent growth. It marked the seventh straight month of growth in industrial activity despite pandemic-related restrictions. Increases were seen in manufacturing output (9.5 percent vs 11.6 percent in November), mining and quarrying (6.0 percent vs 4.2 percent), and electricity, gas, steam and air conditioning supply (4.9 percent vs 7.6 percent). Among products, production of medium-high technology recorded the biggest increase (13.2 percent vs 15.6 percent). On a monthly basis, industrial production grew by 1.3 percent, the same pace as in the prior month. In the fourth quarter of 2020, industrial production advanced 10.1 percent over a year earlier.
2021-02-12
Turkish Industrial Output Grows the Most in 3 Years
Industrial production in Turkey increased 11 percent year-on-year in November 2020, the most since January 2018, following an upwardly revised 10.4 percent growth in October and beating forecasts of 9.55 percent. Increases were seen in manufacturing output (11.6 percent vs 11.2 percent in October), mining and quarrying (4.6 percent vs 0.7 percent), and electricity, gas, steam and air conditioning supply (7.5 percent vs 5.4 percent). Among products, production of medium-high technology recorded the biggest increase (15.8 percent vs 16.6 percent). On a monthly basis, industrial production grew 1.3 percent.
2021-01-13

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).