Türkiye’s total turnover index sees 47% annual growth in September

The total turnover index, which combines industry, construction, trade, and services, increased by an impressive 47% on an annual basis. This growth reflects a broad economic strengthening, with each sector contributing to the positive trend.

The construction sector stood out, posting a 76.4% annual increase—an indication of significant expansion and investment within Türkiye’s infrastructure and building projects. The services sector also showed robust growth at 55.4%, highlighting increased demand and activity in areas like tourism, healthcare, and other service-based industries. Trade followed closely with a 49.0% rise, and the industry sector, encompassing manufacturing and production, posted a steady 33.2% increase.

The month-to-month changes from August to September 2024 also signaled upward momentum, with total turnover increasing by 5.5%. Industry led this monthly growth with a 5.8% rise, followed by trade at 5.7%, construction at 5.0%, and services at 4.3%.

This consistent performance across both annual and monthly measures demonstrates Türkiye’s resilience and expansion in various economic sectors, suggesting strong foundational growth as the country moves toward the year’s end. (ILKHA)