Turkey’s non-domestic (foreign sales) price index (ND-PPI) grew by 41.9pc in July 2021 against the year-ago month while up 0.34pc in monthly terms, according to the Turkish Statistical Institute (TUIK).

 

By industry, the mining and quarrying sector ND-PPI rose by 41.89pc as manufacturing increased by 41.84pc in July 2021 compared to the same month last year. Intermediate goods, durable goods, and nondurable goods, and capital goods ND-PPI grew by 50.16pc, 40.52pc, 32.11pc, and 29.26pc, respectively, in July 2021 against the prior year’s month. 

 

In monthly terms, the NP-PPI for mining and quarrying climbed by 0.82pc in July 2021 against the same month in 2020 while manufacturing rose by 0.33pc in the same timeframe. 

 

Basic metals ND-PPI increased by 67.47pc in July 2021 compared to the same month last year and by 2.22pc in June. Fabricated metal ND-PPI index grew by 46.44pc in July 2021 against the same year-ago month while growing 0.91pc against the preceding month. 

 

The country’s adjusted employment, hours worked, and gross-wages, and salary index for industry, construction, and trade services rose by 3.4pc, 2.7pc, and 7.5pc in Q2 2021 compared to the preceding quarter to 111.9, 97, and 257.2 index levels. 

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