Total turnover in Turkish economy leaps 43% in September
The Turkish economy's total turnover jumped 42.6% year-on-year in September, official data showed on Nov. 12.
The improvement was driven by increases in the industry, construction, trade, and services sectors, the Turkish Statistical Institute (TÜİK) said in a statement.
The turnover for the services sector posted the largest rise in September, soaring 59% from the same month last year.
It was followed by industry with a 48.4% rise in the same period, construction with 35.9%, and trade with 35.5%.
On a monthly basis, the seasonal- and calendar-adjusted total turnover index inched up 0.6% in September.
All sectors posted rises in the month compared to August, except for industry.
Construction increased 3.0%, trade 0.9%, and services 2.6% on a monthly basis in September, while industry dropped 0.9%, it noted.
According to TÜİK, turnover is an important short-term indicator used to assess the country's economic situation.