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.