empty
 
 

2020.07.1309:59:00UTC+00Turkey Industrial Production, Retail Sales Decline Slows In May

Turkish industrial production and retail sales declined at a softer pace in May, data from Turkstat showed on Monday.

Industrial production decreased 19.9 percent year-on-year in May, following a 31.3 percent fall in April.

Manufacturing output fell 20.6 percent annually in May. Production in mining and quarrying and output in the electricity, gas, steam decreased 14.2 percent and 13.3 percent, respectively.

On a monthly basis, industrial production grew 17.4 percent in May, after a 30.2 percent fall in the previous month.

Separate data from Turkstat showed that retail sales declined 16.7 percent yearly in May, following a 19.2 percent fall in April.

Non-food sales decreased 25.5 percent and automotive fuel sales fell 22.6 percent. Meanwhile, sales of food, drinks and tobacco increased 3.0 percent.

On a monthly basis, retail sales grew 3.8 percent in May, following a 21.2 percent decrease in the previous month.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback