Turkish economy's total turnover surges 129.8% in June

By Tuba Sahin

ANKARA (AA) – The Turkish economy’s total turnover jumped 129.8% in June compared to a year ago, the country’s statistical authority announced on Friday.

It was fueled by strong growth in the industry, construction, trade, and services sectors, according to the Turkish Statistical Institute (TurkStat).

The largest annual rise was seen in services sector, surging 167%. It was followed by industry with 133.5% and trade with 118.7%.

Turnover in the construction sector soared 119.9% in the month.

On a monthly basis, the seasonally and calendar-adjusted total turnover index was up 7.5% in June.

“Industry increased by 7.5%, construction increased by 16.8%, trade increased by 6.1% and services increased by 9.4% on monthly basis in June 2022,” read a TurkStat statement.