Türkiye's retail sales growth eases in July
TURKEY ECONOMY

Türkiye's retail sales growth eases in July

Retail sales volume was up 2% year-on-year in July, official data shows

News Service AA

Türkiye’s retail sales, a marker of growing consumer spending, increased at a slower pace in July, according to official figures released on Tuesday.

Retail sales volume was up 2% year-on-year in July after rising 5.4% in June, data from the Turkish Statistical Institute (TurkStat) showed.

Food, drinks and tobacco sales jumped 5.8% on an annual basis in July, while non-food sales – excluding automotive fuel – were up 5%.

Automotive fuel sales, on the other hand, dropped 10.8% year-on-year in July.

On a monthly basis, Türkiye’s retail sales narrowed 0.3%, following a 0.6% decline in June.

Sales of food, drinks and tobacco were up 1% compared to the previous month, while automotive fuel sales increased 1.8%.

Non-food sales – except automotive fuel – decreased 1.5% month-on-month in July.

Among non-food items, electronic goods and furniture posted the largest drop of 6.6%.

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