Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Turkiye
PRINTO01TRQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
141.65
Year-over-Year Change
13.88%
Date Range
1/1/1985 - 1/1/2024
Summary
This economic trend measures production volume in the Turkish industrial sector, excluding construction. It provides a key indicator of overall economic activity and is closely watched by policymakers and analysts.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Production Volume: Economic Activity: Industry (Except Construction) for Turkiye metric tracks the monthly production output of Turkish industries such as manufacturing, mining, and utilities. This data is a valuable gauge of the health and momentum of the broader Turkish economy.
Methodology
The data is collected through surveys of industrial producers and compiled by the Turkish Statistical Institute.
Historical Context
Production volume is a critical input for economic forecasting and policy decisions in Turkey.
Key Facts
- Turkey is the 19th largest economy in the world.
- The industrial sector accounts for over 30% of Turkey's GDP.
- Production volume declined during the COVID-19 pandemic but has since recovered.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly production output of the Turkish industrial sector, excluding construction. It provides a gauge of overall economic activity in Turkey.
Q: Why is this trend relevant for users or analysts?
A: Production volume is a key indicator of the health and momentum of the Turkish economy, making it highly relevant for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial producers and compiled by the Turkish Statistical Institute.
Q: How is this trend used in economic policy?
A: Production volume is a critical input for economic forecasting and policy decisions in Turkey, as it reflects the broader state of industrial activity and the overall economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely insights into the state of Turkish industrial production.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Turkiye (PRINTO01TRQ661N), retrieved from FRED.