Industrial production in Turkey shrank 2.1% year-on-year in December 2025, reversing a downwardly revised 2.2% expansion in the previous month and marking the first annual decline since February. The setback was largely driven by manufacturing, where output fell after posting nine consecutive months of growth (-27% vs 2.5% in November). In contrast, mining and quarrying activity strengthened further (1.9% vs 0.5%), while electricity, gas, and air-conditioning supply rebounded (2.4% vs -2.0%). On a monthly basis, industrial output increased by 1.2%, though the pace moderated from November’s 2.5% gain, which had been the strongest monthly rise in six months.

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