Strong demand in December was the major force driving an upturn in the domestic market.
Turkey’s Monthly Industrial Turnover Index increased by 15.9 percent in December 2009 over the same month of 2008, data released by the Turkish Statistics Institute (TurkStat) revealed on Monday. The index showed an even stronger recovery with a 27.4 percent increase when compared to the previous month, supporting expectations for rejuvenation in the market.
The index value increased to 167.3 in December from 146.1 in November. In sub-sectors the index value in mining rose to 226.5 in December, an increase of 31.2 percent over the same month a year ago, while the index for the manufacturing industry jumped by 27.3 percent, to 165.9, in the same period.
According to the Main Industrial Groupings (MIGs) classification, the largest decrease in December over the same month of the previous year was in the manufacture of capital goods, with 33.3 percent, followed by intermediate goods at 33 percent.
Year-on-year changes in the industrial new orders index showed the greatest increase in the manufacture of motor vehicles, by 77.1 percent, followed by the manufacture of communication apparatuses, including TVs and radios.
