FX.co ★ Turkey Industrial Output Growth Hits 5-Month High

Industrial production in Turkey experienced a significant uptick, increasing by 4.9% year-on-year in May 2025. This marks the most substantial growth observed in the past five months and represents an acceleration from the 3.1% rise recorded in the previous month, following a revision. The acceleration in growth was largely attributed to a marked increase in output from the mining and quarrying sectors, which surged by 10.0%, compared to a 1.4% increase in April. Similarly, manufacturing output grew by 4.6%, up from 2.8% previously. However, output growth in the electricity, gas, and air-conditioning supply sector experienced a slowdown, registering a growth of 4.7%, in comparison to the 8.8% noted in April. On a month-to-month basis, industrial production saw a rebound, climbing 3.1% in May, effectively recovering from a downwardly revised 3.2% decrease in April.