TÜİK announced August data: Increase in construction and service production

According to the Turkish Statistical Institute (TUIK) data for August, construction and service production increased by 2.3 percent on an annual basis. While construction production increased by 4 percent monthly, the monthly increase in service production remained at 0.2 percent.

ANNUAL DECLINE IN BUILDING CONSTRUCTION

Construction production increased by 2.3 percent in August compared to the same month last year. When the subsectors are examined, the construction of non-building structures recorded the highest annual increase with 21.8 percent. While private construction activities increased by 0.1 percent, the building construction sector decreased by 0.9 percent.

Construction production increased by 4 percent in August compared to the previous month. In the same period, building construction increased by 4.5 percent, private construction activities increased by 3.8 percent, and construction of non-building structures increased by 2.2 percent.

9.9 PERCENT INCREASE IN INFORMATION AND COMMUNICATION SERVICES

The services production index increased by 2.3 percent in August compared to the same month last year. Among the subsectors, the highest increase was seen in information and communication services with 9.9 percent.

While real estate services decreased by 7.5 percent annually, accommodation and food services increased by 2 percent, transportation and storage services by 1.8 percent, administrative and support services by 1.2 percent, and professional, scientific and technical services by 1.1 percent.

MONTHLY INCREASE IN SERVICE PRODUCTION IS 0.2 PERCENT

The services production index increased by 0.2 percent in August compared to the previous month. On a monthly basis, real estate services and administrative and support services increased by 2.6 percent. There was a 0.3 percent increase in information and communication services.

Transportation and storage services decreased by 0.4 percent, accommodation and food services decreased by 0.7 percent, and professional, scientific and technical services decreased by 0.9 percent.