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57.25% increase in international PPI

Turkish Statistical Institute ( TUIK) announced the Foreign Producer Price Index data for October. Accordingly, D-PPI increased by 1.35 percent in October compared to the previous month, 49.61 percent compared to December of the previous year, 57.25 percent compared to the same month of the previous year and 51.04 percent compared to the twelve-month averages.

57.25% increase in international PPI

Manufacturing up 57.30 percent y-o-y

Annual changes in the two sectors of the industry were realized as 54.78 percent increase in mining and quarrying and 57.30 percent increase in manufacturing.

Annual changes in the main industrial groupings were 49.77 percent in intermediate goods, 62.19 percent in durable consumer goods, 61.27 percent in non-durable consumer goods, 43.75 percent in energy, 65.49 percent in capital goods.

Manufacturing increased by 1.33 percent m-o-m

Monthly changes in the two sectors of the industry were realized as 2.79 percent increase in mining and quarrying and 1.33 percent increase in manufacturing.

Monthly changes in the main industrial groupings were as follows; 1.72 percent increase in intermediate goods, 2.27 percent increase in durable consumer goods, 3.39 percent increase in non-durable consumer goods, 6.91 percent decrease in energy, 1.30 percent increase in capital goods.

Compared to annual D-PPI, 9 sub-sectors showed lower and 16 sub-sectors showed higher change

Among D-PPI sub-sectors, base metals increased by 40.91 percent, paper and paper products by 40.94 percent, coke and refined petroleum products by 43.75 percent. On the other hand, tobacco products increased by 89.25 percent, computers, electronic and optical products by 72.53 percent, machinery and equipment by 72.29 percent.

Compared to monthly D-PPI, 5 sub-sectors showed lower change and 20 sub-sectors showed higher change
Among the D-PPI sub-sectors, coke and refined petroleum products, motor vehicles, trailers and semi-trailers decreased by 6.91 percent and 0.11 percent, respectively. On the other hand, tobacco products increased by 8.09 percent, printing and recording services by 5.14 percent, computers and electronic and optical products by 4.78 percent.

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