Latest reading: Industrial production fell 0.2% on a seasonally adjusted month-on-month basis in May, following a 0.3% increase in the...
Industrial Production in Turkey
The Turkish economy recorded an average industrial production growth rate of 4.6% in the decade to 2024. In 2024, industrial production growth was 0.3%. For more industry information, visit our dedicated page.
Turkey Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Turkey from 2014 to 2025.
Source: Macrobond.
Turkey Industry Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | 17.8 | 4.4 | 1.8 | 0.4 | 2.7 |
Industrial production contracts in May
Latest reading: Industrial production was down 2.9% on a seasonally adjusted month-on-month basis in May, following a 3.7% increase in the previous month. May's reading was the weakest since April 2025. Relative to the previous month's data, the reading for manufacturing softened in May (-3.3% in seasonally adjusted month-on-month terms vs +4.4% in April). In contrast, readings picked up for mining and quarrying (+1.6% vs +0.7% in April) and energy (-0.8% vs -2.9% in April). In annual terms, industrial production was stable in May, following a 6.1% increase in the previous month.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Turkish industry projections for the next ten years from a panel of 9 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Turkish industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Turkish industry projections.
Want to get access to the full dataset of Turkish industry forecasts? Send an email to info@focus-economics.com.
Latest Global Industrial production News
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Euro Area: Industrial production shrinks in May -
Hungary: Industrial production gains steam in May Latest reading: Industrial production rose 5.5% in annual terms in May, following a 1.3% increase in the prior month. May’s... -
Japan: Industrial production steadies in May Latest reading: Industrial production was up 0.5% on a seasonally adjusted month-on-month basis in May, stable from the prior month’s... -
Italy: Industrial production shrinks in May Latest reading: Industrial production declined 0.3% in seasonally adjusted month-on-month terms in May, following 0.4% growth in the prior month.... -
Bulgaria: Industrial production shrinks more quickly in May Latest reading: Industrial production was down 6.0% on a year-on-year basis in May, following a 4.1% decline in the prior... -
Netherlands: Industrial production stagnates in May Latest reading: Industrial production—excluding construction—stagnated in calendar and seasonally adjusted month-on-month terms in May, following a 1.9% rise in the... -
Czech Republic: Industrial production shrinks in May Latest reading: Industrial production was down 0.5% on a seasonally adjusted month-on-month basis in May, following a 1.5% rise in...