Turkey's industrial production, retail sales up in October
by ChemOrbis Editorial Team - content@chemorbis.com
According to data from the Turkish Statistical Institute, Turkey’s industrial production increased by 0.7% in October compared with the previous month. In the sub-sectors, mining and quarrying index was down by 2.2%, while manufacturing index rose by 1.3% and electricity, gas, steam and air conditioning supply index fell by 1.9% from September.
Compared with same month of previous year, the calendar adjusted industrial production was also up by 7.3% in October. The manufacturing index rose by 7.7% while the electricity, gas, steam and air conditioning supply index rose by 0.5% and the mining and quarrying index was up by 7.3% in October from a year earlier.
Among the main industrial groupings (MIGs), capital goods posted the largest increase by 8.2% in October month on month.
Turkey’s retail sales also posted an increase on a monthly and yearly basis in October. The country’s retail sales slightly increased by 0.1% in October from a month earlier while they rose by 2.4% when compared to the same month of last year.
The data showed that food, non-food sales (except automotive fuel sales) and automotive sales increased by 1.8% and 1.9% respectively while food, drinks and tobacco sales were up by 1.8% on a monthly basis. On a yearly basis, food, drinks and tobacco sales decreased by 0.7% , while automotive fuel sales and non-food sales (except automotive fuel sales) increased by 5.3% and 2.6% respectively.
The data also revealed that computers, books, telecommunication sales were down by 3.7%; electronic goods and furniture sales decreased by 4.6%; sales via mail orders and internet declined by 2.1%; textiles, clothing and footwear increased by 2.8%; medical goods as well as cosmetic sales rose by 5.8% in October on a monthly basis.
Compared with same month of previous year, the calendar adjusted industrial production was also up by 7.3% in October. The manufacturing index rose by 7.7% while the electricity, gas, steam and air conditioning supply index rose by 0.5% and the mining and quarrying index was up by 7.3% in October from a year earlier.
Among the main industrial groupings (MIGs), capital goods posted the largest increase by 8.2% in October month on month.
Turkey’s retail sales also posted an increase on a monthly and yearly basis in October. The country’s retail sales slightly increased by 0.1% in October from a month earlier while they rose by 2.4% when compared to the same month of last year.
The data showed that food, non-food sales (except automotive fuel sales) and automotive sales increased by 1.8% and 1.9% respectively while food, drinks and tobacco sales were up by 1.8% on a monthly basis. On a yearly basis, food, drinks and tobacco sales decreased by 0.7% , while automotive fuel sales and non-food sales (except automotive fuel sales) increased by 5.3% and 2.6% respectively.
The data also revealed that computers, books, telecommunication sales were down by 3.7%; electronic goods and furniture sales decreased by 4.6%; sales via mail orders and internet declined by 2.1%; textiles, clothing and footwear increased by 2.8%; medical goods as well as cosmetic sales rose by 5.8% in October on a monthly basis.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- Turkey’s PP market starts to stabilize, will other polymers follow suit?
- Asian ethylene and propylene slide into steeper backwardation on demand, oversupply
- China PP, PE markets on nearly 3-month losing streak amid scant demand
- June PP, PE prices drop further on weakened activities in Egypt
- Europe’s PS, ABS markets come off peaks on plunging costs
- Asian polymer markets unfazed by crude oil rally
- India’s polymer demand slowly heals pandemic-inflicted wounds
- LDPE faces a tougher slog in Asia, Europe still on a tear
- Weakness extends to June in Saudi Arabian PP, PE markets
- European PP signals stabilization after 7 months of hikes
