Skyline at golden hour in Turkey

Turkey Industrial production April 2020

Turkey: Industrial output nosedives in April

Industrial production dropped 31.4% year-on-year in April (March: -1.7% yoy). April’s figure was largely due to a sharper fall in mining and quarrying production which fell at the sharpest pace since January 2015. In addition, manufacturing output fell by a third. Accordingly, the trend pointed down, with the annual average variation of industrial production coming in at minus 0.5%, contrasting March’s plus 1.8% reading.

On a seasonally- and calendar-adjusted monthly basis, industrial output contracted 30.4% in April, down from March’s 7.1% fall.

This year, industrial activity is expected to shrink due to the economic impact of Covid-19, which has extinguished economic activity. The duration of restrictive measures remains uncertain and will have a key bearing on the return of domestic and foreign demand

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest