Turkey's industrial production fell 2.4% yearly in September, with manufacturing rebounding slightly.

Turkey's industrial production declined by 2.4% annually in September, though this marks an improvement from August's 5.2% drop. Manufacturing saw a 1.6% month-on-month increase, reversing August's decline. The unemployment rate remained at 8.6%, but the number of unemployed rose to 3.1 million. The government forecasts an unemployment rate of 9.3% by year-end, rising to 9.6% in 2025 before declining.

November 11, 2024
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