Services producer price index in Türkiye soars in June

S-PPI increased by 9.57% on monthly basis, by 40.88% on December of the previous year basis, by 68.90% on same month of the previous year basis and by 82.20% on the twelve months moving averages basis in June 2023.

Transportation and storage services increased by 49.14% annually

The indices increased by 49.14% for transportation and storage services, by 87.40% for accommodation and food services, by 80.15% for information and communication services, by 61.75% for real estate services, by 94.59% for professional, scientific and technical services, by 98.90% for administrative and support services compared with the previous year.

Transportation and storage services increased by 10.26% monthly

The indices increased by 10.26% for transportation and storage services, by 11.36% for accommodation and food services, by 8.29% for information and communication services, by 7.91% for real estate services, by 3.02% for professional, scientific and technical services, by 12.37% for administrative and support services compared with the previous month.

Compared to general S-PPI, lower annual change observed in 8 subdivisions while 19 subdivisions were higher

The lowest rates of annual increase in S-PPI by subdivisions of services were the indices for water transport services by 9.27%, for air transport services by 36.07%, for warehousing and support services for transportation by 49.66%. On the other hand, the highest rates of annual increase in S-PPI by subdivisions of services were indices for services to buildings and landscape by 130.04%, for employment services by 126.21%, for architectural and engineering services; technical testing and analysis services by 109.72%.

Compared to general S-PPI, lower monthly change observed in 20 subdivisions while 7 subdivisions were higher

The highest rates of monthly decrease in S-PPI by subdivisions of services were the indices for programming and broadcasting services by 10.64%, for scientific research and development services by 7.35%. On the other hand, the highest rates of monthly increase in S-PPI by subdivisions of services were indices for accommodation services by 28.18%, for travel agency, tour operator and other reservation services and related services by 23.60%, for air transport services by 17.69%. (ILKHA)