Türkiye’s services production index unchanged year-on-year in September

This stability reflects a mix of performance across various sectors within the service industry.

Over the year, transportation and storage services experienced a decline of 3.2%, signaling challenges in logistics and mobility. In contrast, accommodation and food services grew by 0.9%, and information and communication services saw a modest increase of 1.2%. Real estate services stood out with a significant surge of 18.8%, highlighting robust activity in the property market. Meanwhile, professional, scientific, and technical services recorded a 1.0% rise, but administrative and support services fell slightly by 0.7%.

On a monthly basis, the services production index inched up by 0.3% compared to August 2024, driven by a 1.0% increase in transportation and storage services and a 0.2% rise in accommodation and food services. Professional, scientific, and technical services also posted strong growth of 2.0%. However, some sectors faced setbacks, with information and communication services declining by 2.3%, real estate services falling by 2.0%, and administrative and support services slipping by 0.3%.

These figures highlight the diverse dynamics within Türkiye’s service industry. While certain sectors demonstrate resilience and growth, others face persistent challenges, reflecting the complexity of the broader economic environment. (ILKHA)