FX.co ★ Turkish Industrial Output Shrinks for 1st Time in 4 Months

In February 2025, Turkey experienced a 1.9% year-over-year decline in industrial production, marking the first decrease since last October. This downturn reversed the previous month's 1.2% growth and was primarily driven by a reduction in manufacturing output, which fell by 2.5% compared to a 1.1% increase in January. Additionally, there was a more pronounced decline in the mining and quarrying sectors, which dropped by 5.8% following a 0.9% decrease previously. Conversely, the sectors providing electricity, gas, and air-conditioning continued to grow, with a notable expansion of 8.5% up from 5.0%. On a month-to-month basis, industrial production decreased by 1.6%, after an upwardly revised 2.6% decrease in January.