Retail sales volume returns to monthly growth following decline after February quakes
Turkiye’s retail sales rebounded on a monthly basis in March, following a decline in the aftermath of the February twin quakes, according to official data released on Friday.
Retail sales volume increased 7.3% month-on-month in March, the strongest surge in 21 months, the Turkish Statistical Institute (TurkStat) said.
Non-food sales except automotive fuel rose 12.1% from a month ago, while automotive fuel sales jumped 3.8%.
Food, drinks and tobacco sales, on the other hand, fell 0.2%.
On an annual basis, retail sales soared 28.6% in March, gaining momentum from February’s 21.7% hike.
Non-food sales except automotive fuel surged 38% year-on-year in March.
Sales of food, drinks and tobacco grew 17% compared to last year, while automotive fuel sales increased 17.8%, TurkStat data showed.