Turkey’s Total Turnover Index Rises 35.4% Annually in January

The Total Turnover Index, covering industry, construction, trade, and services, increased by 35.4% year-on-year (YoY) in January 2025, reflecting strong growth across all major sectors.

Sectoral Breakdown (YoY Changes in January 2025)

  • Industry: +25.6%
  • Construction: +54.2%
  • Trade: +35.9%
  • Services: +47.6%

Monthly Increase at 1.6% in January

On a monthly basis, the Total Turnover Index rose 1.6% compared to December 2024, driven by notable growth in construction and services.

Sectoral Breakdown (MoM Changes in January 2025)

  • Industry: -0.2% (decline)
  • Construction: +10.2%
  • Trade: +0.6%
  • Services: +5.0%

The sharp annual rise in construction turnover (54.2%) and strong services sector growth (47.6%) highlight key drivers of economic expansion, while the monthly decline in industrial turnover (-0.2%) suggests a potential slowdown in manufacturing activity.