Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Turkey’s domestic producer price index (D-PPI) in February rose by 27.09pc against the same month last year, according to Turkey’s Statistical Institute (TUIK). The D-PPI climbed by 1.22pc against the immediately preceding month and rose by 15.14pc on a twelve-month moving average basis ending February. 


In February, the D-PPI increased across all main sectors with mining and quarrying rising by 17.32pc, manufacturing by 29.57pc, and intermediate and durable consumer goods by 33.77pc and 29.29pc, respectively, all against the same month last year. 


The D-PPI for basic metals increased by 52.62pc in February against the same month last year. Metal ores rose by 33.98pc and motor vehicles increased by 28.95pc, while fabricated metal products increased by 31.6pc during the same period under review. 


Compared with January, mining and quarrying declined by 0.14pc, manufacturing rose by 1.56pc, durable consumer goods increased by 0.85pc, and non-durable goods increased by 2.44pc, in February. Basic metals and fabricated metal products declined by 0.46pc and 0.34pc, respectively, during the same timeframe.

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