Istanbul, Aug 20 () – The non-domestic producer price index dropped in July, following the decline in the last months in Turkey’s exports.
According to data released by Turkstat, the non-domestic producer price index (ND-PPI), which measures the alterations in the price of goods manufactured and exported within a given country, dropped by 1.28 percent against the previous month in July.
Thus, the increase of export prices saw 7.86 percent on the seven-month-basis and 8.42 percent on annually basis.Meanwhile, the average prices of the year rose by 9.25 percent in the first six month period and by 10.51 on annual basis in the end of July.
According to foreign trade data released by Turkstat in cooperation with the Ministry of Customs and Trade, exports have dropped by 8.2 percent to 73 billion 512 million dollars, while importations declined by 10.9 to 106 billion 746 million dollars, in the first six month of the year.
ND-PPI prices saw a fall by 2.87 percent in mining and quarrying index, and a fall by 1.24 percent in manufacturing index.
The sub divisions that have seen the highest rates of monthly increase in indexes were for basic pharmaceutical products and pharmaceutic preparations with 6.05 percent and wearing apparel with 1.88 percent.
The sub divisions that have faced the highest rates of decline, on the other hand, were coke and refined petroleum products indexes with a fall of 13.12 percent, followed by computer, electronic and optical products with 7.18 percent, and metal ores with 5.19 percent.