Total turnover jumps 105.4% in February

The Turkish economy’s total turnover surged by 105.4% on an annual basis in February, according to the Turkish Statistical Institute (TurkStat).

This was driven by significant growth in the industry, construction, trade, and services sectors, TurkStat data indicated.

The largest annual increase in turnover — 123.6% — was in the manufacturing industry 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.

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