Turkey's industrial production growth increased to 11.5% year-on-year in February 2024 from an upwardly revised 1.3% rise in the previous month. It was the sharpest growth since February 2022, as output accelerated sharply for mining & quarrying (12.8% vs 4.9% in January) and manufacturing (11.9% vs 0.7%). Meanwhile, production slowed for electricity, gas, steam & air-conditioning supply (7.7% vs 8.4%). On a seasonally adjusted monthly basis, industrial production rose 2.4% in February, rebounding from a downwardly revised 16.9% fall in the previous month. source: Turkish Statistical Institute
Industrial Production in Turkey increased 11.50 percent in February of 2024 over the same month in the previous year. Industrial Production in Turkey averaged 5.27 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 April of 2024.
Industrial Production in Turkey increased 11.50 percent in February of 2024 over the same month in the previous year. Industrial Production in Turkey is expected to be 1.60 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 3.80 percent in 2025 and 4.00 percent in 2026, according to our econometric models.