According to the statistics released by the Turkish Statistical Institute (TUIK), in March this year the domestic producer price index (PPI) for Turkish industry in general increased by 16.1 percent year on year and was up 1.04 percent month on month, while an average rise of 6.9 percent was registered for the latest 12 months.
In March, the domestic PPI for Turkey's basic metal industry was up by 3.2 percent on month-on-month basis and rose by 45.3 percent compared to the same month of last year. Meanwhile, the average increase in the domestic PPI for the latest 12 months was 14.6 percent.
On the other hand, in the given month the domestic PPI for Turkish manufacture of metal products, except machinery, increased by 0.9 percent compared to February and was up 17.6 percent year on year. Meanwhile, in the sector in question, an average increase of 8.7 percent in the PPI index was registered for the latest 12 months.