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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
TurkeyTurkey Industrial Production MoM climbed to 3.7% in April 2026
FMPMonthlyReleased June 2026
Turkey Industrial Production MoM climbed to 3.7% in April 2026, released June 2026, up 4.5% from March's -0.8% reading. The print exceeded the 0.4% consensus by 3.3%. The print is running well above the 12-month average of -0.08%. Over the past 3 months, Industrial Production MoM averaged 0.9%, vs 0.3% in the prior 3-month window. Industrial Production MoM is now the highest in 15 months.
Latest Release
3.7
Actual
0.4
Consensus
-0.8
Previous
Median Absolute Error
±2.78 percentage points
across last 12 releases
Last Call
Jun 2026
Predicted: 0.4
Actual: 3.7
Error: -3.3
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/TRY | ▲ Direct | +0.64 | FOREX | Bullish USD | → View |
| EUR/USD | ▼ Inverse | −0.56 | FOREX | Bearish EUR | → View |
| XAU/USD | ▼ Inverse | −0.27 | COMMODITIES | Bearish XAU | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Industrial Production MoM (Turkey) was reported at 3.7% in June 2026. This beat the market consensus of 0.4% by 3.3%. The reading rose from the previous value of -0.8%. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged 0.4%, ranging from -2.8% to 3.7% across 10 releases.
WHY IT MATTERS
The trailing three releases averaged 0.7%, up from the prior three at -0.17%. Volatility over the past year (σ 2.16%) is lower than the prior year (σ 2.5%). In June readings over the past 3 years, Industrial Production MoM has averaged -1.43%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with USD/TRY (Bullish USD). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 2.78%.
WHAT TO WATCH NEXT
The next release is scheduled for July 10, 2026. Same-country events in the next 14 days include Business Confidence (Jun 19) and Consumer Confidence (Jun 22).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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Industrial Production MoM - TR
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About Industrial Production MoM — Turkey
DEFINITION
Industrial Production MoM (Month-over-Month) is a key economic indicator that measures the change in the total output of the manufacturing, mining, and utilities sectors within a specific country or region over a one-month period. This indicator provides valuable insights into the health and growth of the industrial sector, which is a crucial component of a country's overall economic performance. It is closely monitored by investors, policymakers, and analysts as it can impact inflation, employment, and consumer spending. A positive MoM change in industrial production indicates a growing economy, while a negative change may signal a slowdown or contraction.
WHY THIS INDICATOR MATTERS
Manufacturing and factory-order series capture cyclical inflection earlier than aggregate output, and have outsized influence on industrial-sector equities. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2026): actual 3.7 %, consensus 0.4 %. Prior reading (Mar 2026): -0.8 %. Before that (Feb 2026): 2.6 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with USD/TRY (Bullish USD, r=0.64) — a useful reference for forex-focused traders.