Latest reading: Industrial output declined 1.3% month-on-month in seasonally adjusted terms in June (May: +1.1% mom). Looking at the details...
Industrial Production in Turkey
The Turkish economy recorded an average industrial production growth rate of 4.6% in the decade to 2024. In 2024, industrial production growth was 0.3%. For more industry information, visit our dedicated page.
Turkey Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Turkey from 2014 to 2024.
Source: Macrobond.
Turkey Industry Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | 1.7 | 17.8 | 4.4 | 1.8 | 0.3 |
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%.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Turkish industry projections for the next ten years from a panel of 9 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Turkish industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Turkish industry projections.
Want to get access to the full dataset of Turkish industry forecasts? Send an email to info@focus-economics.com.
Latest Global Industrial production News
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