Türkiye’s industrial production grew by 7% in December 2024 compared to the previous year, according to data from the Turkish Statistical Institute (TurkStat) released on Monday. The increase was driven by gains in manufacturing, mining, and energy production.
Sector-Wise Growth in December
Among the industrial sub-sectors, the annual growth rates were as follows:
- Mining and quarrying: +1.8%
- Manufacturing: +6.8%
- Electricity, gas, steam, and air conditioning supply: +11.4%
Monthly Industrial Growth
On a monthly basis (compared to November 2024), Türkiye’s industrial production rose by 5%, reflecting a positive trend:
- Mining and quarrying: +2.2%
- Manufacturing: +5.6%
- Electricity, gas, steam, and air conditioning supply: +0.4%
Conclusion
The strong industrial production figures indicate continued economic recovery in Türkiye, particularly in manufacturing and energy. The upward trend in monthly growth suggests sustained momentum heading into 2025.