Growth in services output slows
According to data from the Turkish Statistical Institute (TÜİK), the services production index rose 2.3% year-on-year in August, signaling a slowdown in growth.
The index increased by 0.2% compared with the previous month. Information and communication services recorded the strongest annual growth at 9.9%, while real estate services declined by 7.5%.
In August, transportation and storage services increased by 1.8% year-on-year, accommodation and food services rose 2%, and professional, scientific, and technical services grew 1.1%. On a monthly basis, administrative and support services increased by 2.6%, while transportation and storage declined by 0.4% and accommodation and food services fell by 0.7%. The figures highlighted uneven growth across different segments of the services sector.
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