Industry in Turkey

Turkey Industry | Economic News & Forecasts

Turkey - Industry

Industrial production growth ticks up slightly in May

Industrial production rose 6.4% in May in calendar-adjusted year-on-year terms, ticking up slightly from April’s revised 6.3% (previously reported: +6.2% yoy) and putting a stop to four consecutive monthly slowdowns.

May’s expansion was driven by a surge in the mining and quarrying sector and a solid performance from the manufacturing sector, while the electricity, gas and steam sector recorded a more modest expansion. However, on a seasonally- and calendar-adjusted month-on-month basis, industrial production shrank 1.6%, marking the worst reading in nearly two years and contrasting the previous month’s 1.0% growth.

Annual average growth in industrial output inched up from 9.9% in April to 10.0% in May.

Turkey Industrial Production Forecast

In annual terms, industrial production growth is likely to lose steam during the rest of the year. This is partly due to tough year-on-year comparatives, but is also a reflection of tighter financial conditions. FocusEconomics Consensus Forecast panelists expect industrial production to rise 4.6% in 2018 and 4.0% in 2019.

Turkey - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)7.2  5.7  5.8  3.4  8.9  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.


Turkey Industry Chart

Turkey Industry
Note: Annual variation of industrial production in %.
Source: Statistical Institute.

Turkey Facts

Bond Yield20.59-0.09 %Aug 15
Exchange Rate5.99-0.85 %Aug 15
Stock Market90,2631.41 %Aug 15

Sample Report

Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.


Start Your Free Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form