Turkish Statistics Institute

Industrial output rises 8.6 pct in December

Turkey's industrial production increased by 3.6 percent year-on-year in December 2019, data from the Turkish Statistics Institute (TÜİK) showed on Feb. 13.

In the month, all the three main sub-indices -- mining and quarrying, manufacturing, and the electricity, gas, steam and air conditioning -- rose by 9.8 percent, 9.1 percent and 0.3 percent, respectively.

$65 bln worth of properties sold in 2019

Revenues generated from property sales increased more than 14 percent in 2019 compared with 2018, according to data from the general directorate of land registry.

Last year a total of 2.33 million properties, including residential units, offices and land plots, changed hands which generated 389 billion Turkish Liras (around $65 billion) in revenues.

Size of retail sector reaches $193 bln in 2019

The size of Turkey's retail sector reached 1.1 trillion Turkish Liras ($193 billion), according to a report by audit and consultancy firm KPMG Turkey.

The industry contracted in the first three quarters of 2019 by 5.3 percent, 3.9 percent and 1 percent, respectively last year.

The initial indicators suggest a recovery in 2020, the report added.