Turkish economy’s total turnover falls 0.4% in July

ISTANBUL

The Turkish economy’s total turnover fell 0.4% on a monthly basis in July, according to official figures released on Wednesday.

The figure followed a 1.5% monthly increase in June, data from Türkiye’s statistical office TurkStat showed.

The construction sector saw the largest monthly decline with 8.6%, followed by services with 1.3% in July.

Meanwhile, turnover in the trade sector increased 0.7% and industry 0.3% month-on-month.

On an annual basis, Türkiye’s total turnover index rose 39.8% in July.