{"id":580334,"date":"2026-08-10T11:44:10","date_gmt":"2026-08-10T11:44:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/580334\/"},"modified":"2026-08-10T11:44:10","modified_gmt":"2026-08-10T11:44:10","slug":"turkiyes-industrial-production-shrinks-1-4-in-june-as-manufacturing-dips","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/580334\/","title":{"rendered":"T\u00fcrkiye\u2019s industrial production shrinks 1.4% in June as manufacturing dips"},"content":{"rendered":"<p>Aerial view of an oil refinery and petrochemical complex in Izmit, T\u00fcrkiye. (Adobe Stock Photo)<\/p>\n<p>\nAugust 10, 2026 12:50 PM GMT+03:00\n<\/p>\n<p>T\u00fcrkiye\u2019s industrial production fell 1.4% year over year in June, while output rose 0.1% from the previous month, according to data from the Turkish Statistical Institute (TurkStat).<\/p>\n<p>The decline <a href=\"https:\/\/veriportali.tuik.gov.tr\/en\/press\/58187\" rel=\"nofollow noopener\" target=\"_blank\">was driven by two of the three main industrial categories<\/a>, with mining and quarrying output falling 1.6% annually and 0.5% monthly, while manufacturing production declined 1.5% year over year and remained unchanged from May.<\/p>\n<p>Electricity, gas, steam and air conditioning production and distribution increased 1.1% annually and 1.5% monthly. Unadjusted industrial production, meanwhile, rose 14.4% year over year.<\/p>\n<p>More to Read<\/p>\n<p><a href=\"https:\/\/www.turkiyetoday.com\/business\/turkiyes-july-exports-hit-record-256b-as-trade-deficit-widens-3225278\" title=\"T\u00fcrkiye\" s=\"\" july=\"\" exports=\"\" hit=\"\" record=\"\" as=\"\" trade=\"\" deficit=\"\" widens=\"\" export a widen rel=\"nofollow noopener\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2026\/08\/turkiyes-july-exports-hit-record-256b-as-trade-deficit-widens-3225278_20260803134932.jpeg\" class=\"lazy\" loading=\"lazy\" alt=\"T\u00fcrkiye\" s=\"\" july=\"\" exports=\"\" hit=\"\" record=\"\" as=\"\" trade=\"\" deficit=\"\" widens=\"\"\/><\/a><\/p>\n<p>High-tech production slumps over 20%<\/p>\n<p>Of 25 sectors, 14 recorded monthly growth in June, while 11 contracted.<\/p>\n<p>Clothing production fell 15.1% annually and 7.8% monthly, while plastics production declined 3.9% year over year and 1.0% from May.<\/p>\n<p>Beverage production increased 11.1% annually and 6.1% monthly. Other transportation equipment, largely linked to defense manufacturing, rose 2.8% annually and 50.2% monthly after falling 46.2% in May. Motor vehicle production increased 1.8% year over year and 4.6% from the previous month.<\/p>\n<p>High-technology production rose 3.8% monthly but fell 20.3% annually. Low-technology production declined 1% monthly and 1.2% annually, while low-medium-technology production fell 1.3% monthly and 0.8% annually. High-medium-technology production increased 2.4% monthly and 3.5% annually.<\/p>\n<p>Intermediate goods production fell 1.6% monthly, while energy production rose 0.6%. Durable and nondurable goods production declined 3.3% and 1.1%, respectively.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"newspicture\" style=\"aspect-ratio:1280\/503;\" src=\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2026\/08\/turkiyes-industrial-production-shrinks-14-in-june-as-manufacturing-dips-3225781_202608101245_2026081.webp\" alt=\"The line chart shows the annual change in T\u00fcrkiye\u2019s industrial production index from June 2024 to June 2026. (Chart via TurkStat)\" width=\"1280\" height=\"503\" data-width=\"1280\" data-height=\"503\"\/><br \/>\n<img decoding=\"async\" src=\"https:\/\/www.turkiyetoday.com\/s\/i\/i-fotobuyut.svg\"\/><\/p>\n<p>\nThe line chart shows the annual change in T\u00fcrkiye\u2019s industrial production index from June 2024 to June 2026. (Chart via TurkStat)\n<\/p>\n<p>Analysts point to uneven industrial activity<\/p>\n<p>Local brokerage OYAK Investment described industrial production as &#8220;stagnant,&#8221; noting that the figures follow a 0.1% contraction in May, while monthly production had declined 3%.<\/p>\n<p>The brokerage attributed much of the volatility since 2025 to fluctuations in <a href=\"https:\/\/www.turkiyetoday.com\/nation\/turkiyes-defense-and-aerospace-exports-rise-144-to-112b-in-july-3225310\" rel=\"nofollow noopener\" target=\"_blank\">defense-related production.<\/a> Defense industry production had contributed 1.6 percentage points to monthly growth in June.<\/p>\n<p>&#8220;Looking ahead, if geopolitical tensions in the Middle East continue to ease, industrial production is likely to gain some momentum in the coming months; additionally, the global manufacturing PMI remaining at its highest levels in four years will support external demand,&#8221; the analysts said.<\/p>\n<p>Pusula Investment said the June data matched the picture emerging from its company discussions, with U.S-Iran-Israel tensions affecting activity across industries while energy and raw material costs remained broadly unchanged.<\/p>\n<p>&#8220;On a monthly basis, we observed that manufacturing remained flat, while there was some appetite on the electricity side,&#8221; the brokerage said. It added that high-tech production had been under pressure, while mid-range technology had benefited from a low-base effect.<\/p>\n<p>Treasury and Finance Minister Mehmet Simsek, on the other hand, pointed to the industrial sector\u2019s second-quarter growth despite challenging global conditions, noting that annual production increased 1.9% in the period.<\/p>\n<p>He also highlighted a 3.9% increase in high-technology production and noted that the share of medium-high- and high-technology products in manufacturing exports reached 44.5% as of June.<\/p>\n<p>&#8220;Strong growth in value-added production and the improvement in the composition of exports are concrete indicators of the transformation in industry,&#8221; Simsek said. &#8220;We will continue to move up the global value chains through our productivity-focused policies.&#8221;<\/p>\n<p><img decoding=\"async\" class=\"lazy\" src=\"https:\/\/www.turkiyetoday.com\/s\/i\/i-share.svg\"\/><\/p>\n<p>August 10, 2026 02:06 PM GMT+03:00<\/p>\n","protected":false},"excerpt":{"rendered":"Aerial view of an oil refinery and petrochemical complex in Izmit, T\u00fcrkiye. (Adobe Stock Photo) August 10, 2026&hellip;\n","protected":false},"author":2,"featured_media":580335,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,184,85,46],"class_list":["post-580334","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-il","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/580334","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=580334"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/580334\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/580335"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=580334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=580334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=580334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}