FX.co ★ Turkey’s Industrial Output Slide Deepens in August, Posting 1.9% Annual Decline

Turkey’s industrial production contracted more sharply in August 2026, underscoring mounting pressures on the country’s manufacturing and broader industrial base. Year-over-year output fell 1.9% in August, compared with a revised 0.3% decline in July 2026, according to data updated on 9 October 2026.

The figures mark a clear deterioration in momentum on an annual basis. While July’s reading already showed a mild year-over-year contraction, August’s steeper drop suggests weakening demand or ongoing challenges in costs, financing, or external markets that are weighing on industrial activity.

The data are reported on a year-over-year basis, meaning August’s performance is measured against August of the previous year, while July’s figure compares output to July a year earlier. The back-to-back declines raise concerns about the resilience of Turkey’s industrial sector heading into the latter part of 2026.