Money

Turkish economy’s total turnover soars 105.4% in February

All sectors industry, construction, trade, services post strong annual growth, TurkStat data shows

The Turkish economy’s total turnover surged by 105.4% on an annual basis in February, the country’s statistical authority reported on Tuesday.

This was driven by significant growth in the industry, construction, trade, and services sectors, according to the Turkish Statistical Institute (TurkStat).

The largest annual increase in turnover 123.6% was in the industry sector, followed by services with a rise of 119.6%.

Turnover in the trade and construction sectors increased by 94.1% and 55.2%, respectively, in February.

On a monthly basis, the seasonally and calendar-adjusted total turnover index was up by 7.9%.

“Industry increased by 7.3%, construction increased by 2.7%, trade increased by 9.4%, and services increased by 6.1% on monthly basis in February 2022,” read a statement by TurkStat.

Source
AA

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