According to the statistics released by the Turkish Statistical Institute (TUIK), in August this year Turkish producers' foreign sales price index (PPI)* in general increased by 1.17 percent from July and was up 9.82 percent year on year, while an average rise of 15.55 percent was registered for the latest 12 months.
In August this year, the foreign sales prices of producers in the Turkish domestic basic metal industry increased by 3.4 percent on month-on-month basis and were up 13.47 percent compared to August 2013. Meanwhile, the average increase in prices for the latest 12 months was 11.06 percent.
On the other hand, in August of the current year Turkish producers' foreign sales prices for domestic manufactured metal products, except machinery, rose 1.51 percent compared to July and were up 12.82 percent year on year. Meanwhile, in the sector in question, an average increase of 17.39 percent in prices was registered in the latest 12 months.
*Foreign sales price index indicates changes in Turkish producers' prices for other countries.