Türkiye’s total turnover index, covering industry, construction, trade and services, increased 30.2 percent year on year in July 2026. Data released by the Turkish Statistical Institute on September 11 also showed a 1.7 percent rise from the previous month. All four main sectors recorded annual increases, while the trade turnover index was unchanged in the monthly comparison.
The turnover index tracks changes in the revenue businesses receive from their sales. Because it is calculated at current prices, it reflects both price movements and changes in the quantity of goods and services sold. A 30.2 percent annual rise in turnover therefore does not mean that production or sales volumes grew by the same rate. Volume indicators such as industrial production and trade sales are needed for a separate view of real activity.
Construction led the annual increase
The main components of total turnover rose at different rates from a year earlier. Construction recorded the strongest increase among the four broad groups, at 35.8 percent. Services turnover rose 34.5 percent, industry increased 31.5 percent and trade advanced 27.7 percent. Among detailed categories, information and communication turnover increased 40.1 percent, while mining and quarrying recorded a 55.9 percent rise.
Annual rates compare July 2026 with July 2025 in nominal terms. Sector comparisons therefore need to account for differences in pricing structures and the composition of activity. Cost and price changes in construction, industry and services may not occur at the same scale or at the same time.
Monthly turnover increased 1.7 percent
On a seasonally and calendar-adjusted basis, total turnover rose 1.7 percent from June. Construction again produced the strongest monthly increase, at 9.2 percent. Industrial turnover rose 3.0 percent and services turnover increased 2.5 percent. Trade turnover was unchanged from the previous month.
The detailed breakdown showed a 10.3 percent monthly increase in mining and quarrying turnover and a 2.7 percent rise in manufacturing. Within services, accommodation and food activities and information and communication each increased 3.8 percent. Professional, scientific and technical activities rose 4.7 percent, while real-estate activities advanced 5.2 percent. Transport and storage turnover increased 0.9 percent, and administrative and support services rose 1.4 percent.
Turnover is not the same as volume
Trade sales volume data released on the same day provided a useful comparison between nominal turnover and real activity. Total trade sales volume fell 0.6 percent from a year earlier and 2.5 percent from the previous month. Retail trade sales volume, however, increased 10.4 percent annually and 0.2 percent monthly. The contrast shows why monetary growth in turnover can diverge from movements in the volume of sales.
The July turnover release is a timely indicator of the direction of business sales revenue, but it does not directly measure profitability. Costs, wages, financing expenses and taxes are outside the turnover index. A high rate of turnover growth should therefore not be interpreted as proof that company profits increased at the same pace.
In the coming period, August turnover, industrial production, services production and trade sales volume data will provide the next checks on the trend. July’s particularly strong monthly increase in construction also makes the difference between sectors important to monitor. The broad message from the release is that nominal sales revenue increased across the economy, while the scale and meaning of that rise varied substantially by sector and by the measure used.
