textiles – Muhasebe News https://www.muhasebenews.com Muhasebe News Sat, 25 Mar 2017 07:23:42 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.4 Retail Sales Indices in Turkey, January 2017 https://www.muhasebenews.com/en/retail-sales-indices-in-turkey-january-2017/ https://www.muhasebenews.com/en/retail-sales-indices-in-turkey-january-2017/#respond Sat, 25 Mar 2017 12:00:44 +0000 https://www.muhasebenews.com/?p=11875 Retail sales volume decreased by 0.6% compared with the previous month
Seasonal and calendar adjusted retail sales volume decreased by 0.6% with constant prices in January 2017 compared with the previous month. In the same month food, drinks and tobacco sales increased by 0.5%, non-food (except automotive fuel) sales decreased by 1.5% and automotive fuel sales decreased by 0.2%.
Considering the details of the non-food sectors computers, books, telecommunications equipment sales decreased by 3.5%, textiles, clothing and footwear sales decreased by 1.4%, sales via mail orders and internet decreased by 5.7%, electronic goods and furniture sales decreased by 2.8%, medical goods and cosmetic sales increased by 4.4% compared with the previous month.

Seasonal and calendar adjusted retail sales volume index, January 2017
[2010=100]

Retail sales volume decreased by 2% compared with the same month of previous year
Calendar adjusted retail sales volume with constant prices decreased by 2% in January 2017 compared with the same month of previous year. In the same month food, drinks and tobacco sales increased by 0.6%, non-food (except automotive fuel) sales decreased by 1.3%, automotive fuel sales decreased by 6.9%.

Considering the details of the non-food sectors computers, books, telecommunications equipment sales decreased by 3.1%, electronic goods and furniture sales decreased by 9.7%, textiles, clothing and footwear sales increased by 5.7%, medical goods and cosmetic sales increased by 0.2% and sales via mail orders and internet increased by 7.5% compared with the same month of previous year.

Calendar adjusted retail sales volume index, January 2017
[2010=100]

Retail turnover increased by 1% compared with the previous month
Seasonal and calendar adjusted retail turnover with current prices increased by 1% in January 2017 compared with the previous month. In the same month food, drinks and tobacco sales increased by 2%, automotive fuel sales increased by 3.9% and non-food (except automotive fuel) sales decreased by 1%.

Retail turnover increased by 11% compared with the same month of previous year
Calendar adjusted retail turnover with current prices increased by 11% in January 2017 compared with the same month of previous year. In the same month food, drinks and tobacco sales increased by 11.8%, non-food (except automotive fuel) sales increased by 7.3% and automotive fuel sales increased by 18.9%.

Retail sales indices, January 2017
[2010=100]

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]]> https://www.muhasebenews.com/en/retail-sales-indices-in-turkey-january-2017/feed/ 0 Machinery in Turkey https://www.muhasebenews.com/en/machinery-in-turkey/ https://www.muhasebenews.com/en/machinery-in-turkey/#respond Mon, 13 Mar 2017 07:44:45 +0000 http://www.muhasebenews.com/?p=10416 Machinery manufacturing continues to be one of the key growth drivers of the Turkish economy. This sector plays a crucial role in the development of Turkey’s greater manufacturing industry due in no small part to its capability to produce intermediate goods and provide inputs to other key sectors such as construction, energy, textiles, agriculture, and mining. The machinery manufacturing sector in Turkey is known for being R&D intensive — Turkey graduates over 450,000 engineers every year — and for creating high value. Local sourcing accounts for approximately 85 percent of all inputs at the production level.

  • Total export value of the machinery industry reached USD 13.4 billion in 2015, up from USD 5.2 billion in 2005.
  • Annual growth rate of machinery exports between 2005 and 2015 was 16 percent, double Turkey’s overall export growth rate during the same period.
  • As the 2nd largest export industry of Turkey, accounting for a 9.3 percent share in Turkey’s total exports, machinery products are exported to more than 200 countries.
  • 60 percent of the total machinery product exports are shipped to the EU countries and the USA.
  • Total imports of the machinery sector surpassed USD 26 billion in 2015 while posting an average annual growth of 10.3 percent over the past decade, evidencing the strong demand from the domestic market.
  • FDI inflow in machinery manufacturing represents a significant source for Turkey’s overall FDI amount, making up around 20 percent of total manufacturing FDI between 2005 and 2015.
  • R&D expenditures on machinery manufacturing reached USD 600 million in 2014, accounting for almost 10 percent of the total R&D expenditure of Turkey.
  • Turkey’s competitiveness in the machinery sector is driven by favorable input costs and strong enablers. Input costs include competitive labor cost, an affordable and reliable energy supply, and logistical advantages based on the geostrategic location of Turkey, while enablers include a skilled workforce, generous investment incentives, an innovation-oriented infrastructure, and a strong supply base and domestic clusters.

Date: 13 March 2017

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

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