Turnover Indices, March 2020 in Turkey
Total turnover index (2015=100) including industry, construction, trade, and services sectors increased by 5.2% on annual basis in March 2020.
At the detail of the total turnover index; industry increased by 5.2%, trade increased by 11.5%, construction decreased by 21.4% and services decreased by 2.2% on annual basis in March 2020
Total turnover annual rate of change (%), March 2020
Turnover indices annual rate of change (%), March 2020
Total turnover decreased by 9.0% on monthly basis
Total turnover index (2015=100) including industry, construction, trade, and services sectors decreased by 9.0% on monthly basis in March 2020.
At the detail of the total turnover index; industry decreased by 5.7%, construction decreased by 16.2%, trade decreased by 7.5% and services decreased by 17.1% on monthly basis in March 2020.
Total turnover monthly rate of change (%), March 2020
Turnover indices monthly rate of change (%), March 2020
The next release on this subject will be on June 12, 2020.
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EXPLANATIONS:
Annual changes refer to the change of calendar adjusted index values compared to the same month of the previous year.
Monthly changes refer to the change in seasonally and calendar adjusted index values compared to the previous month.
Value Added Tax (VAT) Declarations are used as the data source in the calculation of Turnover. With the General Communique on Tax Procedure Law No. 518, dated 24 March 2020; The deadlines for submission of March, April and May 2020 VAT Declarations have been extended until the end of Monday, July 27, 2020, and all the VAT Declarations of March 2020 have not been submitted by the relevant parties. For this reason, Turnover Indices for March 2020 were calculated using alternative data sources such as monthly industrial production survey, e-invoice and e-archive invoice, e-ticket, e-self employment invoice, card payment and foreign trade data in addition to VAT declarations in line with international norms and methodologies. After the VAT Declaration data are provided, the published indexes will be revised if necessary.
Source: TurkStat
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