Foreign PPI Rises

Turkey's Statistical Institute (TÜİK) released January 2024 Producer Price Index (PPI) data for exports. According to data released by TÜİK, the export PPI increased 4.57% on a monthly basis and 59.27% on an annual basis in January. Based on twelve-month averages, export PPI figures showed a 51.27% increase. Capital Goods Rise 69.03% Looking at annual changes in main industrial groups; intermediate goods increased 51.36%, durable consumer goods increased 65.98%, non-durable consumer goods increased 65.37%, energy increased 47.22%, and capital goods increased 69.03%. Mining and Quarrying Up 60.76% Examining annual changes in two industrial sectors; mining and quarrying saw a 60.76% increase. Manufacturing increased 59.24%. Source