FX.co ★ Turkey’s Industrial Output Plunges 15.2% in May, Reversing April Gain

Turkey’s industrial production contracted sharply in May 2026, with month‑over‑month output falling by 15.20%, according to data updated on 10 July 2026. The drop marks a dramatic reversal from April 2026, when industrial production had increased by 3.70% compared with March.

The May reading, measured on a month‑over‑month basis, shows how quickly momentum has shifted in Turkey’s industrial sector. While April’s positive figure suggested a short-term recovery, the steep decline in May underscores renewed weakness or volatility in production dynamics. The data compare the change in industrial output each month with the previous month, highlighting the abrupt transition from growth to contraction within just one reporting period.

Analysts and market participants are likely to watch subsequent releases closely to determine whether May’s slump signals a one‑off shock or the beginning of a more prolonged downturn in Turkey’s industrial performance.