Turkey: Industrial production contracts in May
Latest reading: Industrial production was down 2.9% on a seasonally adjusted month-on-month basis in May, following a 3.7% increase in the previous month. May’s reading was the weakest since April 2025.
Relative to the previous month’s data, the reading for manufacturing softened in May (-3.3% in seasonally adjusted month-on-month terms vs +4.4% in April). In contrast, readings picked up for mining and quarrying (+1.6% vs +0.7% in April) and energy (-0.8% vs -2.9% in April).
In annual terms, industrial production was stable in May, following a 6.1% increase in the previous month.