Industry in Turkey
Turkey - Industry
Industrial output declines in June
Turkish industrial production fell 3.9% year-on-year in June, down from May’s 1.3% fall. The drop in production was driven by faltering manufacturing output, while the electricity, gas and steam, and mining and quarrying sectors rose.
Sequential data was also downbeat; industrial output fell 3.7% over the prior month in June on a seasonally- and calendar-adjusted basis, contrasting May’s 1.2% increase (previously reported: +1.3% quarter-on-quarter seasonally adjusted).
FocusEconomics Consensus Forecast panelists expect industrial production to decline 2.1% in 2019. Next year, industrial output is expected to grow 2.7%.
Turkey - Industry Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 7.2 | 5.7 | 5.8 | 3.4 | 9.0 |
Turkey Industry Chart
Source: Statistical Institute.
Turkey Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 14.86 | -0.09 % | Sep 04 |
| Exchange Rate | 5.67 | -0.85 % | Sep 04 |
| Stock Market | 100,077 | 1.41 % | Sep 04 |
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Economic News
Turkey: Inflation slows in August
September 3, 2019
Consumer prices rose 0.86% in August compared to the previous month, down from July’s 1.36% increase.
Turkey: PMI drops again in August, but by a lesser degree than in July
September 2, 2019
Operating conditions in the Turkish manufacturing sector deteriorated at a less severe pace in August than in July, with the Istanbul Chamber of Industry and IHS Markit’s manufacturing Purchasing Managers’ Index (PMI) rising to 48.0 from 46.7.
Turkey: Business sentiment improves in August
August 26, 2019
The business confidence index recovered in August, rising to 102.5 from 98.3 in July.
Turkey: Consumer confidence improves marginally in August, but remains mired in pessimistic territory
August 22, 2019
Sentiment among Turkish consumers improved slightly in August after dropping to a near-record low in July, with the consumer confidence index rising to 58.3 in August from 56.5.
Turkey: Industrial output declines in June
August 16, 2019
Turkish industrial production fell 3.9% year-on-year in June, down from May’s 1.3% fall.
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