FX.co ★ Turkey Industrial Output Growth Slows in July

In July 2025, Turkey experienced a 5.0% year-on-year increase in industrial production, marking a slowdown from the revised 8.5% rise observed in the previous month. This deceleration was primarily attributed to a reduction in manufacturing growth, which eased to 5.5% from 9.6% in June, coupled with a decline in mining and quarrying output, which contracted by 0.5% as opposed to a growth of 2.3% earlier. In contrast, there was a notable recovery in the output of electricity, gas, and air-conditioning supply, which surged by 5.8% following a previous decline of 1.1%. On a monthly scale, industrial output saw a decline of 1.8% in July, overturning the revised 0.8% increase recorded in June.