Turkey’s Monthly Industrial Turnover Index decreased by 3.8 percent in November 2009 over the same month of the previous year, data released by the Turkish Statistics Institute (TurkStat) on Friday revealed. The index was down by 8.6 percent when compared to the previous month, yet another discouraging figure to dampen recent expectations for a swift recovery in the market.
The index value declined to 146.1 in November from 160.1 in October. In sub-sectors the index value in mining rose to 218.3 in November, an increase of 9.3 percent over the same month a year ago, while the index for the manufacturing industry dropped by 4.2 percent, to 144.4, in the same period.
According to the Main Industrial Groupings (MIGs) classification, the largest decrease in November over the same month of 2008 was in the durable consumer goods sector, with 10.7 percent, followed by the energy sector at 6.9 percent.
Year-on-year changes in the industrial new orders index showed the greatest drop in electronics, at 34.3 percent, in November. It was followed by office equipment and PCs, by 33.4 percent. New orders for motor vehicles increased by 26.6 percent.
