Turkish economy's total turnover up 2.9% in May

ANKARA

The Turkish economy’s total turnover rose 2.9% on a monthly basis in May, according to official figures released on Thursday.

It followed a 3.8% month-on-month hike in April.

The services sector registered the largest monthly hike of 4.7% in May, followed by construction at 3.5%, the Turkish Statistical Institute (TurkStat) said in a statement.

Turnover in the trade and industry sectors edged up by 3.2% and 1%, respectively.

On an annual basis, the total turnover index soared 52.7% in May.

“Industry increased by 34.9%, construction by 102.8%, trade by 58.8% and services by 62.3% on annual basis in May,” the statement said.