BAKU, Azerbaijan, July 21. Türkiye’s total
turnover index, which spans the industrial, construction, trade,
and services sectors, surged by 32.9% year-on-year in May 2026,
Turkish Statistical Institute (TÜİK) says.


The annual expansion was largely driven by robust performance in
the industrial sector, which registered a 36.6% increase, followed
closely by the services sector with a 34.8% gain. Over the same
period, the trade sector grew by 31.8%, while the construction
sector saw a 23% rise compared to May 2025.


On a monthly basis, Türkiye’s total economic turnover advanced
by 3.1% in May 2026 compared to the previous month, signaling
continued momentum in domestic business activity. The construction
sector recorded the strongest month-on-month growth, climbing by
5.6%. Turnover in the services sector rose by 3.6%, while the trade
and industrial sectors posted monthly increases of 3% and 2.5%,
respectively.


"Total turnover index (2021=100) including industry,
construction, trade, and services sectors increased by 32.9% on
annual basis in May 2026," TÜİK stated in its official press
release.


Trend's
analysis shows thatTürkiye’s total turnover index showed strong
growth in May 2026, rising 32.9% year-on-year. The increase was
broad-based, with the industrial and services sectors leading the
expansion. The construction sector, although posting the lowest
annual growth among the four, still recorded a solid 23% rise.


Monthly growth of 3.1% indicates that economic
activity maintained momentum heading into the summer. The
relatively strong performance in construction on a month-on-month
basis may point to some recovery in that segment after earlier
challenges.







While these figures reflect nominal turnover growth
(including price effects), they signal generally positive business
conditions across major sectors of the Turkish economy. Sustained
momentum will depend on domestic demand, borrowing costs, and
external factors affecting the industrial and trade sectors.


Meanwhile, the Analytical Department of the Eurasian
Development Bank (EDB) told Trend that regulatory stability and bilateral legal
frameworks have played a decisive role in enabling Türkiye to scale
its presence simultaneously across multiple Central Asian
markets.


"The active expansion of Turkish investments in Uzbekistan,
Kazakhstan, and Turkmenistan is the result of robust institutional
safeguards and economic complementarity," the bank stated.


The bank stressed that a solid legal foundation remains central
to investor confidence in the region.


"Bilateral agreements on investment protection and the avoidance
of double taxation are in force, while access to international
arbitration mechanisms helps to mitigate regulatory and political
risks. At the same time, each country offers its own structural
advantages. Kazakhstan, as a member of the Eurasian Economic Union
(EAEU), provides investors with access to a broader regional
market. Uzbekistan has been implementing large-scale economic
liberalization and public-private partnership reforms since 2017,
significantly improving the investment climate. In Turkmenistan,
major projects are typically structured on an intergovernmental
basis, which ensures long-term stability for strategic
infrastructure initiatives," the bank explained.