Retail trade volume in Turkey shrunk in October

Retail trade volume in Turkey shrunk in October

Retail trade volume in Turkey shrunk in October

Calendar-adjusted retail sales volume with constant prices slipped 7.5 percent on a yearly basis in October, the Turkish Statistical Institute (TÜİK) revealed on Dec. 18.

Non-food – except automotive fuel – sales showed the biggest annual drop among main economic activities with 12.1 percent, TÜİK reported.

Automotive fuel sales fell 7.6 percent, while food, drinks and tobacco sales rose 1.6 percent.

The volume of medical goods and cosmetic sales among non-food went up 5 percent on an annual basis in October.

Sales by mail orders and over the internet climbed 4.5 percent while textile, clothing and footwear sales rose 2.8 percent, during the same period.

However, the sales volume of electronic goods and furniture shrank by 23.3 percent in the month, while computers, books, and telecommunications equipment’s sales volume decreased 20.3 percent.

TÜİK also revealed that the calendar-adjusted retail turnover with current prices surged 18.2 percent year-on-year in October.

“In the same month, food, drinks and tobacco sales increased by 23 percent, non-food [except automotive fuel] sales increased by 14.8 percent, and automotive fuel sales increased by 20.1 percent,” it added.

Turkish economy, retail, October, 2018, tüik