Turkey’s industrial production growth decelerated to 1.1% year-on-year in January 2024 from a revised 2.3% in the previous month. This was the softest growth since June 2023, as output slowed for manufacturing (0.4% vs 2.8% in December 2023). Conversely, production increased at a faster pace for mining and quarrying (4.9% vs 0.4%) and electricity, gas, steam and air conditioning supply (8.4% vs 3.5%). On a seasonally adjusted monthly basis, industrial activity stalled in January, following a revised 2.8% rise in the prior month. source: Turkish Statistical Institute

Industrial Production in Turkey increased 1.10 percent in January of 2024 over the same month in the previous year. Industrial Production in Turkey averaged 5.26 percent from 1986 until 2024, reaching an all time high of 66.80 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 March of 2024.

Industrial Production in Turkey increased 1.10 percent in January of 2024 over the same month in the previous year. Industrial Production in Turkey is expected to be 2.40 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 3.80 percent in 2025 and 4.00 percent in 2026, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-02-09 07:00 AM
Industrial Production YoY
Dec 1.6% 0.1% -0.7%
2024-03-12 07:00 AM
Industrial Production YoY
Jan 1.1% 2.3% 1%
2024-04-08 07:00 AM
Industrial Production YoY
Feb 1.1% 4.9%


Related Last Previous Unit Reference
Car Registrations 193600.00 213493.00 Units Feb 2024
Changes in Inventories -453513694.90 -172617362.10 TRY Thousand Dec 2023
Industrial Production YoY 1.10 2.30 percent Jan 2024
Industrial Production MoM 0.00 2.80 percent Jan 2024
Manufacturing Production 0.45 2.80 percent Jan 2024
Mining Production 4.91 0.43 percent Jan 2024

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).
Actual Previous Highest Lowest Dates Unit Frequency
1.10 2.30 66.80 -31.50 1986 - 2024 percent Monthly
2021=100, WDA

News Stream
Turkey Industrial Output Growth at 7-Month Low
Turkey’s industrial production growth decelerated to 1.1% year-on-year in January 2024 from a revised 2.3% in the previous month. This was the softest growth since June 2023, as output slowed for manufacturing (0.4% vs 2.8% in December 2023). Conversely, production increased at a faster pace for mining and quarrying (4.9% vs 0.4%) and electricity, gas, steam and air conditioning supply (8.4% vs 3.5%). On a seasonally adjusted monthly basis, industrial activity stalled in January, following a revised 2.8% rise in the prior month.
2024-03-12
Turkey Industrial Output Growth Accelerates in December
Turkey’s industrial production growth accelerated to 1.6% year-on-year in December 2023 from a downwardly revised 0.1% rise in the previous month. It was the highest reading in three periods, driven by a faster increase in output for manufacturing (2.1% vs 0% in November). Meanwhile, production declined for the first time in six months for mining and quarrying (-1.2% vs 3.6%), while output growth was unchanged for electricity, gas, steam and air conditioning supply (4.5%). On a seasonally adjusted monthly basis, industrial activity advanced 2.4%, marking the first rise since June and rebounding from a 1.4% decline in November.
2024-02-09
Turkey Industrial Output Growth at 5-Month Low
Turkey’s industrial production growth eased to 0.2% year-on-year in November 2023, from an upwardly revised 1.3% in the previous month. The latest reading marked the softest increase in industrial output since June, as production slowed for mining & quarrying (3.5% vs 6.8% in October) and manufacturing (0.1% vs 1.3%). On the other hand, output increased for electricity, gas, steam & air conditioning supply (4.5% vs 3.9%). On a seasonally adjusted monthly basis, industrial output contracted by 1.4%, following a 0.3% decline in October.
2024-01-10