According to the statistics released by the Turkish Statistical Institute (TUIK), in July this year the domestic producer price index (PPI) for Turkish industry in general increased by 3.96 percent year on year and was up by 0.2 percent month on month, while an average rise of 4.7 percent was registered for the latest 12 months.
In July, the domestic PPI for Turkey's basic metal industry was down by 0.3 percent on month-on-month basis and rose by 2.7 percent compared to the same month of 2015. Meanwhile, the average decrease in the domestic PPI for the latest 12 months was 1.32 percent.
On the other hand, in the given month the domestic PPI for Turkish manufacture of metal products, except machinery, increased by 0.4 percent as compared to June and was up 6.6 percent year on year. Meanwhile, in the sector in question, an average increase of 8.6 percent in the PPI index was registered for the latest 12 months.