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Turkey Industrial production April 2023

Turkey: Industrial activity dips in April

Industrial output dropped 1.2% compared to the same month a year earlier in April, which contrasted March’s 0.3% increase. Looking at the details of the release, mining and quarrying output and manufacturing production plunged in April.

Meanwhile, annual average industrial production growth fell to 1.8% in April (March: +2.8%). This signals a worsening trend in the industrial sector.

On a monthly basis, industrial production contracted 0.9% in seasonally adjusted terms in April (March: +5.9% mom s.a).

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