October’s Total Turnover Sees 65.3% Annual Increase

In October 2023, total turnover increased by 65.3 percent annually and 4.1 percent monthly. The industrial sector turnover index increased by 54.6 percent annually, the construction turnover index increased by 98.6 percent, the trade turnover index increased by 69.4 percent, and the service turnover index increased by 63.5 percent.

The turnover index in the total of industry, construction, trade, and service sectors increased by 4.1 percent monthly in October 2023. During the same month, the monthly industrial sector turnover index increased by 2.9 percent, the construction turnover index increased by 4.6 percent, the trade turnover index increased by 4.7 percent, and the service turnover index increased by 4.3 percent.

This significant increase in total turnover indicates a positive trend in the economy across various sectors. In contrast to this growth, a recent drought in the Panama Canal has had negative effects on global trade, highlighting the interconnectedness and vulnerability of the global economy to external factors.

 

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