According to the statistics released by the Turkish Statistical Institute (TUIK), in February this year Turkish producers' foreign sales price index (PPI)* in general rose by 0.07 percent over January and was up 21.99 percent year on year, while an average rise of 10.25 percent was registered for the latest 12 months.
In February this year, the foreign sales prices of producers in the Turkish domestic basic metal industry increased by 0.77 percent on month-on-month basis and were up 16.05 percent compared to February 2013. Meanwhile, the average increase in prices for the latest 12 months was 3.17 percent.
On the other hand, in February of the current year Turkish producers' foreign sales prices for domestic manufactured metal products, except machinery, rose 0.08 percent compared to January and were up 24.41 percent year on year. Meanwhile, in the sector in question, an average increase of 11.54 percent in prices was registered in the latest 12 months.
*Foreign sales price index indicates changes in Turkish producers' prices for other countries.