2021 to be Breakthrough for Türkiye thanks to Industrial Success

​​“With reforms put into place in the areas of law, economy and health, 2021 is slated to be a progress year for our country,” stated Minister of Industry and Technology Mustafa Varank on January 13. 

Commenting on the latest industrial production data released by the Turkish Statistical Institute (TurkStat), Minister Varank said that Türkiye's seasonally and calendar-adjusted industrial production index in November 2020 has recorded its largest annual rise since January 2018. The figure soared by 1.3 percent in November when compared to October, while calendar-adjusted industrial production mounted by 11 percent annually. Also, high-tech products emerged as the driving force behind Türkiye’s total industrial production with a 13.7 percent increase, Minister Varank said.

Evaluating Türkiye’s success with a 3.6 percent increase in capital goods, Minister Varank further emphasized that it was a signal that Türkiye’s investment appetite was set to continue in 2021.
Image of an Industrial Production Chart