image description
image description
Tell A Friend

FinancialNews


  • 14-09-22

    Turkey’s retail sales expansion decelerates in July

    (MENAFN) Turkey’s retail sales, a marker of rising consumer spending, surged at a slower speed in July, as shown by official data issued on Tuesday.

    Retail sales capacity was 2 percent higher on yearly basis in the stated month after surging 5.4 percent in the month before, figures from the Turkish Statistical Institute (TurkStat) indicated.

    Food, drinks and tobacco sales climbed 5.8 percent on a yearly basis in July, whereas non-food sales – apart from automotive fuel – saw an increase of 5 percent.

    Automotive fuel sales, on the other hand, fell 10.8 percent on a yearly basis in July.

    On a month on month basis, Türkiye’s retail sales shrank 0.3 percent, after a 0.6 percent decrease in June.

    Sales of food, drinks and tobacco were higher by 1 percent in comparison with the prior month, whereas automotive fuel sales surged 1.8 percent.

    Non-food sales – except automotive fuel – declined 1.5 percent on a monthly basis in July.

    Between non-food items, electronic goods and furniture recorded the biggest fall of 6.6 percent.

    MENAFN14092022000045014228ID1104861354

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved