Turkey’s Service Output Rises 2.3% in August
The service production index also edged up monthly, as information and communication grew while real estate fell year over year.
Key takeaways
- The service production index rose 2.3% year over year and 0.2% from July.
- Information and communication services rose 9.9% annually, while real estate services fell 7.5%.
Turkey’s service production index rose 2.3% in August from a year earlier, and gained 0.2% from July, according to data released by the Turkish Statistical Institute.
Information and communication services recorded the largest annual increase, rising 9.9%. Real estate services declined 7.5% year over year, while transport and storage rose 1.8%.
On a monthly basis, real estate and administrative and support services each increased 2.6%. Transport and storage fell 0.4%, while accommodation and food services dropped 0.7%.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
