Industry in Turkey

Turkey Industry | Economic News & Forecasts

Turkey - Industry

Industrial production growth slumps in August

Industrial production rose 1.7% in August in calendar-adjusted year-on-year terms, down markedly from July’s 5.6% expansion. August’s deceleration was driven by weaker growth in the manufacturing; mining and quarrying; and electricity, gas, steam and air conditioning supply sectors.

On a seasonally- and calendar-adjusted month-on-month basis, industrial output declined 1.1%, contrasting July’s 3.5% expansion.

Annual average growth in industrial output fell from 8.9% in July to 8.3% in August.

Turkey Industrial Production Forecast

Industrial production is likely to continue to perform poorly in the remainder of the year, dampened by high domestic interest rates and elevated inflation. FocusEconomics Consensus Forecast panelists expect industrial production to rise 4.1% in 2018 and 2.8% 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  

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Turkey Industry Chart

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

Turkey Facts

Bond Yield18.35-0.09 %Oct 22
Exchange Rate5.67-0.85 %Oct 22
Stock Market94,6821.41 %Oct 22

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