Turkey reports industrial decline and rising construction costs

According to data from the Turkish Statistical Institute (TÜİK) for August 2026, Turkey's industrial production index fell by 1.9% annually and 1.0% monthly. The manufacturing sector saw a 2.5% annual decline, although high-technology production experienced a 14.5% annual increase.

Simultaneously, construction costs continued to rise. The construction cost index increased by 29.59% annually and 2.04% monthly. Within this sector, labor costs rose by 31.20% over the past year, while material costs increased by 28.72% annually. Costs for non-residential structures saw a higher annual increase of 31.68%.