Turkey’s Industrial Output Expands in November as Manufacturing Drives Annual Growth
manufacturing
Turkey’s industrial production continued its upward trend in November 2025, posting a 2.4% increase year-on-year, according to data released by the Turkish Statistical Institute (TURKSTAT). The latest figures point to sustained momentum in industrial activity, supported primarily by manufacturing, even as energy-related production weakened.
Industrial output had risen by 2.2% in October, indicating a modest acceleration in annual growth heading into the final quarter of the year.
Manufacturing Sector Remains the Key Growth Engine
Based on the 2021=100 reference year, TURKSTAT data shows divergent performance across industrial sub-sectors in November 2025. On an annual basis:
Mining and quarrying output increased by 0.2%
Manufacturing output rose by 2.7%
Electricity, gas, steam, and air conditioning supply declined by 2.0%
The manufacturing sector once again emerged as the main driver of industrial growth, reflecting resilient domestic demand and ongoing production activity despite tighter financial conditions. Manufacturing had recorded a 1.9% annual increase in the previous month, indicating a strengthening trend in November.
Monthly Data Shows Mixed Sector Performance
Month-on-month figures reveal a more uneven picture across sub-sectors. Compared with October 2025, industrial output developments in November were as follows:
Mining and quarrying output declined by 4.8%
Manufacturing output increased by 3.1%
Electricity, gas, steam, and air conditioning production fell by 0.5%
The sharp monthly contraction in mining activity contrasted with a strong rebound in manufacturing, highlighting sector-specific dynamics within the broader industrial landscape.
Energy Sector Continues to Weigh on Output
The contraction in electricity and gas production, both on an annual and monthly basis, suggests ongoing softness in energy-related industrial activity. Analysts note that fluctuations in energy demand, efficiency gains, and weather-related factors often contribute to volatility in this segment.
Despite this drag, the strength of manufacturing was sufficient to offset declines in other areas, allowing overall industrial production to maintain positive growth.
Signals for Economic Activity
Industrial production is widely regarded as a leading indicator of broader economic performance. The 2.4% annual increase in November suggests that Turkey’s real economy maintained momentum toward the end of 2025, particularly in value-added manufacturing segments.
However, the divergence between manufacturing and mining output points to potential structural challenges, including weaker commodity extraction and external demand pressures. Economists emphasize that sustaining industrial growth will depend on continued support for manufacturing investment, productivity gains, and stable demand conditions.
Outlook Heading Into Year-End
With manufacturing output accelerating on both a monthly and annual basis, industrial activity appears to be closing the year on a relatively firm footing. Still, volatility in energy and mining sectors highlights the importance of balanced growth across industrial segments.
As policymakers and investors assess year-end performance, upcoming industrial production data will be closely watched for confirmation of whether manufacturing-led growth can be sustained into 2026 amid evolving domestic and global conditions.