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Türkiye’s industrial production declined by 0.8% in October compared to the previous month, reflecting a loss of momentum in manufacturing and utility sectors, the Turkish Statistical Institute (TurkStat) reported on Wednesday.
The figures showed that manufacturing output dropped by 0.9%, while electricity, gas, steam, and air conditioning supply fell 1.2%. The mining and quarrying sector bucked the trend with a 1.2% month-on-month rise.
Despite the monthly contraction, Türkiye’s industrial production index rose by 2.2% year-over-year in October.
Sector-specific data showed that mining and quarrying output grew by 9.4%, while the manufacturing sector expanded by 1.9% over the same period. Electricity and utility production edged up 0.6% annually.
The growth was largely attributed to contributions from capital goods and high-tech manufacturing, which helped offset weak performance in more traditional, labor-heavy industries.
Treasury and Finance Minister Mehmet Simsek commented that preliminary indicators suggest a moderate recovery in industrial activity in November. He noted that Türkiye’s economic strategy aims to restructure the industrial base toward advanced technologies, high-value-added production, and skilled employment.
"We will continue to increase our support for weak-performing, labor-intensive sectors," Simsek added.
In a note to clients, Garanti Investment said the first month of the final quarter presented weak industrial signals, but other leading indicators point toward a continuation of moderate growth. The firm emphasized that restoring balanced growth in the upcoming quarters would be critical for the sustainability of macroeconomic policy.
Movements in the industrial production index are a key economic indicator that reflects broader trends, including shifts in domestic demand, export performance, and gross domestic product (GDP) growth.
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