Turkey: Industrial output rebounds in May
Latest reading: Industrial output rose 3.2% in month-on-month seasonally adjusted terms in May, which contrasted April’s 3.1% decrease. Looking at the details of the release, manufacturing output bounced back in May, and mining and quarrying output also gathered steam. Meanwhile, energy production swung into contraction.
On an annual basis, factory output rose at a faster rate of 4.9% in May (April: +3.1% yoy), the best result since December 2024. Accordingly, the trend improved, with the annual average variation of industrial production coming in at 0.0% in May, up from April’s minus 0.4%.