Turkiye’s retail sales back to growth in October

Volume of retail sales rises 2% month-on-month in October, ending 2-month losing streak, official data shows

Türkiye’s retail sales returned to growth in October following a two-month losing streak, according to data released on Wednesday.

The volume of retail trade grew 2% from a month ago in October, following a 0.6% decline in September and 4.6% in August, the Turkish Statistical Institute (TurkStat) data showed.

Non-food sales except automotive fuel saw the largest monthly rise among other sectors with 3%, followed by food, drinks, and tobacco with 0.9%.

Automotive fuel sales, on the other hand, dropped 0.2% in the same period.

Among non-food items, computers, books, and telecommunications equipment saw the largest fall with 3.5%, followed by electronic goods and furniture with 2.5%.

On an annual basis, retail sales surged 13.7% in October, slowing from a rise of 14.2% in September.

Non-food sales except automotive fuel jumped 18.9% year-on-year in October.

Sales of food, drinks, and tobacco climbed 13.8% compared to the same month of last year, while automotive fuel sales fell 18.9%, the TurkStat data showed.

Source: aa

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