13.04.2020
Turnover Indices, February 2020 in Turkey
Total turnover index (2015=100) including industry, construction, trade, and services sectors increased by 22.2% on annual basis in February 2020.
At the detail of the total turnover index; industry increased by 17.1%, construction increased by 8.3%, trade increased by 28.2% and services increased by 19.8% on annual basis in February 2020.
Total turnover annual rate of change (%), February 2020
Turnover indices annual rate of change (%), February 2020
Total turnover increased by 1.6% on monthly basis
Total turnover index (2015=100) including industry, construction, trade, and services sectors increased by 1.6% on monthly basis in February 2020.
At the detail of the total turnover index; industry increased by 0.1%, construction increased by 9.2%, trade increased by 1.8% and services increased by 1.2% on monthly basis in February 2020.
Total turnover monthly rate of change (%), February 2020
Turnover indices monthly rate of change (%), February 2020
The next release on this subject will be on May 14, 2020.
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EXPLANATIONS
Annual changes refer to the change of calendar adjusted index values compared to the same month of the previous year.
Monthly changes refer to the change in seasonally and calendar adjusted index values compared to the previous month.
Value Added Tax (VAT) Declarations are used as the data source in the calculation of Turnover Indices. With the Tax Procedure Law Circular No. 126, dated 23 March 2020; The deadlines for submission of VAT Declarations, which must be submitted by the end of March 26, 2020, have been extended until the end of Friday, April 24, 2020, and all the VAT Declarations of February 2020 have not been submitted by the relevant parties. For this reason, Turnover Indices for February 2020 were calculated using alternative data sources such as monthly industrial production survey, e-invoice, e-archive invoice, card payment and foreign trade data in addition to VAT declarations in line with international norms and methodologies. After the VAT Declaration data are provided, the published indexes will be revised if necessary.
Source: TurkStat
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