Economic Calendar

Turkey Industrial Output Growth Hits 5-Month High

Industrial production in Turkey rose 4.9% year-on-year in May 2025, marking the strongest growth in five months and accelerating from a downwardly revised 3.1% increase in the previous month. The upturn was driven by faster output growth in both mining and quarrying (10.0% vs 1.4% in April) and manufacturing (4.6% vs 2.8%). In contrast, output growth slowed in electricity, gas, and air-conditioning supply (4.7% vs 8.8%). On a monthly basis, industrial production rose 3.1% in May, rebounding from a revised 3.2% decline in April.

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