Industrial production rose by 3.5 percent in November 2015 from the same month in the previous year, according to the Turkish Statistical Institute (TurkStat) on Friday. Accordingly, manufacturing increased by 4.3 percent in November 2015 from November 2014. However, industrial production decreased by 0.9 percent in November 2015 from the previous month.

Furthermore, analysts highlighted that Turkish manufacturing activity was "strong" in 2015.

"In Turkey, manufacturing activity, based on the Purchasing Managers Index (PMI), has risen to the highest point in more than a year, to a reading of 52.2 as of Dec. 2," economist Bora Tamer Yılmaz of Ziraat Securities in Istanbul said in a note published on Tuesday. "This probably reflects positive economic developments in the euro area, particularly in Germany, where the PMI was announced at 53.2."

Meanwhile, the Turkish automotive industry saw a record increase in output in 2015, with production up 16 percent to 1.36 million units in 2015, according to the Automotive Manufacturers Association.

"Turkey is seeing stronger export performance from a recovering eurozone," Timothy Ash, credit strategist with investment bank Nomura in London, said in a note published on Wednesday.

Overall, the fundamentals of the Turkish economy are strong, Ash claimed. "Real GDP growth has been enduring - still in the 3 to 3.5 percent range - with favorable demographics, and a pro-business and entrepreneurial culture."

"Turkey is a net importer of around 5 percent of GDP in oil/energy, and hence in theory it should be a big net beneficiary from lower oil prices," Ash said.

"This should also help the current account balance, as the usual rule of thumb is that each $10 a barrel drop in the oil price saves $4 billion in annual energy import costs," Ash pointed out, adding that this should help to cap inflation.