FX.co ★ Turkey’s Industrial Output Slips Into Contraction in March, Ending Five-Month Growth Streak

Turkey’s industrial production fell 1.1% year-over-year in March 2026, entering negative territory after posting a 2.2% annual increase in February 2026, according to data updated on 8 May 2026. The latest reading marks a notable reversal in momentum for the sector, which had previously been expanding on an annual basis.

On a year-over-year comparison, March’s decline contrasts sharply with February’s growth, underlining a deterioration in industrial activity as the first quarter drew to a close. The figures compare each month to the same period a year earlier, with February’s 2.2% rise now followed by a 1.1% contraction in March. This shift suggests growing headwinds for Turkey’s industrial base at the start of 2026, with output losing steam after earlier gains.