Industry in Turkey

Turkey Industry | Economic News & Forecasts

Turkey - Industry

Industrial output notches quickest growth since February in July

Industrial output rose 4.4% year-on-year in July (June: +0.4% yoy). The print marked the strongest rise since February. July's upturn was primarily driven by an improvement in mining and quarrying and manufacturing output.

Meanwhile, the trend improved with the annual average variation of industrial production coming in at minus 1.2% in July, up from June's minus 1.6%.

Furthermore, output rose 8.4% month-on-month, slowing from June’s 17.8% surge.

FocusEconomics panelists see industrial production falling 6.0% in 2020, which is down 0.4 percentage points from the previous month’s forecast. For 2021, our panelists expect industrial production to increase 6.5%.

Turkey - Industry Data

2015   2016   2017   2018   2019  
Industrial Production (annual variation in %)6.1  3.4  9.1  1.1  -0.6  

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Turkey Industry Chart

Turkey Industry
Note: Annual variation of industrial production in %.
Source: Statistical Institute.

Turkey Facts

Value Change Date
Bond Yield12.00-0.09 %Dec 31
Exchange Rate5.95-0.85 %Jan 01

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