Turkey Industrial production November 2021

Turkey

Turkey: Industrial output growth gains steam in November

January 14, 2022

Industrial output rose 11.4% compared to the same month of the previous year in November, which followed October's 8.7% increase. Looking at the details of the release, mining and quarrying production expanded at a softer pace in November, while manufacturing output climbed at a quicker pace.

On a seasonally-adjusted month-on-month basis, output increased 3.3% in November, up from 0.7% in October.

Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at17.1%, down from October's 17.2% reading.

FocusEconomics panelists see industrial production increasing 3.7% in 2022, which is down 0.9 percentage points from the previous month’s forecast. For 2023, our panelists expect industrial production to increase 3.3%.


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Turkey Industrial production Chart


Turkey Industry November 2021

Note: Annual and monthly variation of industrial production index in %.
Source: Turkish Statistical Institute (TurkStat) and FocusEconomics calculations.


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