Turkey's industries see biggest decline since 2020 in quake aftermath

Production output fell by 8.2% annually in February, the same month the earthquakes wreaked havoc on the country, according to new data.
A painted Turkish national flag is seen on the wall of a collapsed building, two months after a 7.8-magnitude jolt and its aftershocks wiped out swathes of Turkey's mountainous southeast, in Antakya on April 5, 2023. - Many of the survivors blamed the government and its stuttering response to Turkey's worst disaster of its modern era for a death toll that has now surpassed 50,000. But that fury is gradually giving way to a mixture of fatalism and reviving trust in the man this province gave three-fourths of
A painted Turkish national flag is seen on the wall of a collapsed building, two months after a 7.8-magnitude jolt and its aftershocks wiped out swathes of Turkey's mountainous southeast, in Antakya on April 5, 2023. - Ozan Kose/Getty
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Jack Dutton
@jackvdutton

Turkey’s industrial production suffered its biggest decline since the peak of the COVID-19 pandemic in 2020, as the impact of deadly earthquakes ripples through the economy. 

The devastating earthquakes on Feb. 6 killed more than 50,000 across 11 provinces in southeast Turkey and were described by officials as “the worst disaster of the century.” The Turkish government estimates that the damage caused by the quakes will exceed $100 billion, while thousands of businesses had their operations frozen.  

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