According to the statistics released by the Turkish Statistical Institute, in October 2009, the producer price index for Turkish industry in general increased by 0.28% over September and was up 0.19% YoY while an average rise of 2.2% was registered for the latest 12 months.

In October, the PPI for the domestic basic metal industry decreased 2.41% MoM and was down 17.78% compared to October 2008. Meanwhile, the average decrease in the latest 12 months was 18.72%.

On the other hand, during the given month, the PPI for domestic manufacture of metal products, except machinery rose by 0.18% over the previous month and was up 0.68% YoY. Meanwhile, in the sector in question an average increase of 7.3% in the PPI index was registered in the latest 12 months.

(Sourced from SteelOrbis)