• İstanbul 20 °C
  • Ankara 13 °C

Turkish economy: Total turnover betters in June

Turkish economy: Total turnover betters in June
Turnover indices of industry, trade and construction sectors see rise in June on yearly basis, official data shows

By Tuba Sahin

ANKARA (AA) – The Turkish economy's total turnover improved year-on-year in June with the backing of industry, trade and construction sectors, the country's statistical institute said on Friday.

"Total turnover index including industry, construction, trade, and services sectors increased by 10.4% on annual basis in June 2020," the Turkish Statistical Institute (TurkStat) said in a statement.

The index jumped by 29.2% in the construction sector. The trade and industry sectors followed with 19.3% and 8.7%, respectively, in the month.

Slashed by the coronavirus pandemic, the services sector's index dropped by 18.3% in the same period.

The report also revealed that Turkey's total turnover index in June climbed 19.5% from May.

According to TurkStat's definition, turnover is an important short-term indicator used to assess the country's economic situation.

Turnover indices are composed of sales of goods and services invoiced by enterprises in the reference month over a certain period, to monitor developments on a quarterly and yearly basis.

All enterprises that declare their value-added tax payments to the country's Revenue Administration are included in the turnover index calculation.

source: News Feed
This news is a total 23 time has been read
UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
This news yet comment has been added .
Other News
All Rights Reserved © May 2014 US Muslims | Unauthorized and the resources published.
Haber Scripti: CM Bilişim