Non-domestic producer price index increases by 19.49% annually, TurkStat says

Non-domestic producer price index increases by 19.49% annually, TurkStat says

​Non-domestic producer price index (ND-PPI) has increased by 19.49% annually and 1.64% monthly in Turkey, the country’s statistical institute (TurkStat) said in a statement on Thursday.

According to the statement, ND-PPI (2010=100) increased by 1.64% monthly, by 17.23% on December of the previous year, by 19.49% on same month of the previous year and by 7.20% on the twelve months moving averages basis in July 2020.

 Manufacturing increased by 19.47% annually

ND-PPI in two main sectors of industry increased by 19.91% for mining and quarrying, by 19.47% for manufacturing compared with the previous year.

The indices of main industrial groups; increased by 18.24% for intermediate goods, by 27.47% for durable consumer goods, by 19.77% for non-durable consumer goods, decreased by 33.14% for energy, increased by 24.36% for capital goods, annually.

Manufacturing increased by 1.64% monthly

ND-PPI in two main sectors of industry increased by 1.66% for mining and quarrying, by 1.64% for manufacturing compared with the previous month.

The indices of main industrial groups; increased by 1.61% for intermediate goods, by 2.25% for durable consumer goods, by 1.39% for non-durable consumer goods, by 9.36% for energy, by 1.34% for capital goods, monthly.

The only annual decrease was in coke and refined petroleum products by 33.14%

The only rate of annual decrease in ND-PPI by subdivisions of industry was for coke and refined petroleum products by 33.14%. On the other hand, the highest rates of annual increase in ND-PPI by subdivisions of industry were for other manufactured goods by 43.04%, for tobacco products by 29.76%, for machinery and equipment n.e.c. by 25.43%.

The highest monthly decrease was in other transport equipment by 1.55%

The highest rates of monthly decrease in ND-PPI by subdivisions of industry were for other transport equipment by 1.55%, for food products by 0.59%. On the other hand, the highest rates of monthly increase in ND-PPI by subdivisions of industry were for coke and refined petroleum products by 9.36%, for other manufactured goods by 4.43%, for machinery and equipment n.e.c. by 3.78%.

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