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Turkey's services PPI rises 38.08% y/y in Nov

Turkey's services PPI rises 38.08% y/y in Nov Photo: Pixabay

ANKARA (Turkey), January 5 (SeeNews) - Turkey's services producer price index (S-PPI) increased by 38.08% on the year in November, the country's statistical office said.

On a monthly comparison basis, the index added 3% in November, TurkStat said in a statement last week.

The index jumped by an annual 111.1% in real estate services, grew by 46.53% in transportation and storage services and went up by 29.69% in accommodation and food services.

On an annual comparison basis, services producer prices gained 24.3% in the sector of administrative and support services, 20.09% in professional, scientific, and technical services, and 14.09% in information and communication services.

By subdivisions of services, the highest rates of annual increase in S-PPI were observed in real estate services - up by 111.1%, water transport services - up by 104.82%, and warehousing and support services for transportation - up by 72.02%.

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