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 2024 to 2023.
Source: Macrobond.
Turkey Industry Data
2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Industrial Production (ann. var. %) | 1.7 | 17.8 | 4.4 | 1.8 | 0.4 |
Industrial output growth dips in June
Latest reading: Industrial production increased 0.7% month-on-month in seasonally adjusted terms in June (May: +3.2% mom s.a.). The slowdown was largely driven by a deterioration in manufacturing production growth. In addition, mining and quarrying production fell notably. On an annual basis, industrial production rose at a quicker rate of 8.3% in June (May: +5.0% yoy), the best result since February 2024. Accordingly, the trend improved significantly, with the annual average variation of industrial production coming in at 1.1%, up from May's 0.0%.
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 10 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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Sweden: Industrial output contracts at sharpest pace in seven months in July Latest reading: Industrial output—excluding energy—nosedived 6.6% in month-on-month seasonally adjusted terms in July, which contrasted June’s 7.3% increase. The result... -
Argentina: Industrial activity contracts at sharpest rate since November 2024 in July Latest reading: Industrial output slid 1.1% compared to the same month a year earlier in July, which contrasted June’s 9.4%... -
Norway: Industrial output rebounds in July Latest reading: Industrial output increased 0.4% month on month in seasonally adjusted terms in July (June: -0.1% mom s.a.). Looking... -
Latvia: Industrial output grows at fastest pace since May 2021 in July Latest reading: Industrial output grew 9.8% year on year in July (June: +7.2% yoy). The figure marked the best reading... -
Croatia: Industrial activity drops at sharpest pace since November 2024 in July Latest reading: Industrial output fell 1.0% year on year in working-day adjusted terms in July (June: +2.1% yoy). July’s outturn... -
Estonia: Industrial output growth slows in July Latest reading: Industrial output expanded 0.7% year on year in seasonally and calendar-adjusted terms in July, which was a deterioration... -
Serbia: Industrial output growth picks up pace in July Latest reading: Industrial output expanded 5.5% compared to the same month of the previous year in July, which was above...