Türkiye’s trade sales volume increased by 5.3% year-over-year in January but declined by 4.1% on a monthly basis,while the construction sector led the total turnover index, which surged by 35.4% during the same period, the Turkish Statistical Institute (TurkStat) reported on Tuesday.
According to the Trade Sales Volume Index for January, on a monthly basis the volume of:
- Motor vehicle and motorcycle trade, repair, and retail fell by 3.3%
- Wholesale transactions declined by 6.7%
On a yearly scale:
- Motor vehicle and motorcycle sales dropped by 5%
- Wholesale activity grew by 4.1%
Retail sales, however, saw an upward trend, recording a 12.5% year-on-year increase and a 2% monthly rise in January.
Sharp surge in construction revenue
According to another TurkStat report released Tuesday, the calendar-adjusted total turnover index for the industry, construction, trade, and services sectors jumped by 35.4% year-on-year in January.
The construction sector recorded the most significant growth, with the calendar-adjusted turnover index soaring by 54.2% year-on-year and increasing by 10.2% monthly.
On a monthly basis, the total turnover index increased by 1.6%.
The turnover performances of other sectors are as follows:
- In the industrial sector, the calendar-adjusted turnover index rose by 25.6% annually, while it declined 0.2% from the previous month.
- Trade turnover index climbed by 35.9% annually, while it saw a 0.6% monthly increase.
- In the services sector, the turnover index surged by 47.6% year-on-year, while it grew 5% monthly.
Source: turkiyetoday