Skyline at golden hour in Turkey

Turkey Industrial production August 2022

Turkey: Industrial output growth eases to over two-year low in August

Industrial output expanded 1.0% compared to the same month of the previous year in August, which was a deterioration from July’s 2.5% increase. August’s outturn marked the worst reading since June 2020. Looking at the details of the release, mining and quarrying production plunged in August, and electricity, gas and steam production contracted as well. Growth in the manufacturing sector limited the headline moderation.

Meanwhile, the trend pointed up, with the annual average growth of industrial production coming in at 10.5% in August, up from July’s 9.9%.

On a monthly basis, industrial production rebounded and expanded 2.4% in August (July: -6.1% mom).

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