Turkey Industry
Decline in industrial activity softens in May
Industrial output fell 0.2% in year-on-year terms in May, which was a less pronounced contraction than April’s 1.2% decrease. The smaller drop was partly due to a weaker contraction in mining and quarrying output, although, it still continued to contract at a sharp rate. Additionally, manufacturing production rebounded.
Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 1.1%, down from April’s 1.9% reading.
On a monthly seasonally-adjusted basis, industrial production expanded 1.2% in May (April: -0.9% mom s.a).
Turkey Industry Chart
This chart displays Industrial Production (annual variation in %) for Turkey from 2013 to 2022.
Turkey Industry Data
| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | 1.6 | -0.8 | 1.7 | 17.8 | 5.7 |