ISTANBUL--Turkey's industrial production rose sharply in October on a calendar-adjusted basis, beating analyst forecasts, the state statistics agency said Tuesday.

Industrial production rose 4.6% on the year and was up from a 2.8% annual rise in September, the Turkish Statistical Institute said. Market consensus was for a 3.9% increase, according to economists' notes.

Manufacturing and electricity output increased by 5% and 4.1%, respectively, although mining output dropped by 0.5%, the statistics agency said.

Compared with the previous month, industrial output rose 0.1% in October, on a calendar- and seasonally adjusted basis.

At 0808 GMT, the Turkish lira had extended its gains to 0.23% to 2.9062 against the dollar. The yield on two benchmark government bonds was steady at 10.59%, up from 10.52% on Monday. Turkey's main BIST-100 stock index was up 0.2%, marginally down from before the industrial production data.

Write to Emre Peker at emre.peker@wsj.com