[REVISION HISTORY]

Turkey economic data shows mixed trade and inflation trends

Updated 36 times since CLSTR started tracking revisions of this situation.

What changed

2026-09-10 06:44 UTC → 2026-09-14 15:03 UTC · added ~~removed~~

Turkey’s economic landscape remains characterized by high inflation and mixed sectoral performance. While consumer-price inflation was 31.75% in July 2026, financial sector representatives have raised year-end inflation forecasts to 30.47%. Industrial and trade data show divergent trends. Although the seasonally adjusted industrial production index decreased by 1.4% year-over-year in June, Treasury and Finance Minister Mehmet Şimşek noted that industrial production grew by 1.9% in the second quarter of 2026, supported by high-technology sectors. However, manufacturing capacity utilization fell to 73.5% in August. Recent data highlights growing pressure on consumers. Turkey recorded its first monthly decline in retail sales since July 2025, with a 1.7% drop. Food prices have risen for 75 consecutive months; the August food price index rose 0.5% monthly and 56.7% annually. In markets such as İzmir and Konya, shoppers report being forced to buy basic goods in much smaller quantities due to high costs. Vendors attribute price hikes to declining agricultural yields, such as onion production dropping from 6–7 tons per decare to 1.5 tons. Consumers also cited rising fuel costs and intermediaries as drivers of high prices, noting that the primary issue is a lack of purchasing power among retirees and low-wage earners. By September 2026, rising meat prices have turned red meat into a luxury, with prices exceeding 1,000 lira per kilogram. Economic data from TÜRK-İŞ indicates the hunger limit has reached 37,388 TL and the poverty limit has climbed to 121,786 TL. ~~New data from~~ The construction sector shows signs of contraction, with the ~~Turkish Statistical Institute (TÜİK) indicates rising costs~~ sector shrinking by 1.9% in the second quarter of 2026—its first negative growth since late 2022. Within construction ~~sector, where the July index rose 1.15% monthly~~ materials, production in 11 of 20 sub-sectors increased in June 2026, though ceramic sanitary ware and ~~28.33% annually, driven~~ faucet/valve production saw significant declines. The cement sector faces energy input costs, particularly coal, reaching 40%. Contrasting these pressures, Trade Minister Ömer Bolat reported long-term GDP growth, noting national income is projected to reach $1.8 trillion by ~~a 30.51% annual increase in labor costs. In~~ year-end. He also highlighted that the ~~investment market, gold bullion emerged as a top performer~~ unemployment rate remained at 8.1% in ~~August, providing a monthly real return of 7.93% when adjusted~~ July and announced increased credit limits for ~~the Consumer Price Index (CPI).~~ small businesses and tradespeople to support operations.

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