Latest reading: Manufacturing production rose 1.5% in seasonally adjusted month-on-month terms in January, following a 1.3% drop in the previous...
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 2025.
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 production contracts in January
Latest reading: Industrial production was down 2.7% on a seasonally adjusted month-on-month basis in January, following a 1.2% rise in the prior month. January's reading was the weakest since April 2025. Relative to the previous month's figures, readings in January worsened for manufacturing (-3.4% in seasonally adjusted month-on-month terms vs +1.0% in December) and energy (+1.8% vs +4.1% in December). In contrast, the reading for mining and quarrying improved in January (+2.0% vs +1.8% in December). On a year-on-year basis, industrial production declined 1.8% in January, following a 2.1% fall in the prior month.
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 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.
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