Turkey's retail trade dropped 1.2 percent from a month earlier on June 2019, following a revised 3.3 percent decline in the previous month. That was the tenth consecutive month of contraction, due to lower sales of food, drinks & tobacco (-0.7 percent vs -2.7 percent in May), fuel (-2.3 percent vs -7.4 percent) and non-food products (-1.0 percent vs -1.9 percent) such as electronic goods & furniture (-6.4 percent vs -20.4 percent), computers, books & telecommunications equipment (-4.3 percent vs -6.6 percent) and medical goods & cosmetics (-0.8 percent vs 5.5 percent). Retail Sales YoY in Turkey averaged 5.85 percent from 2006 until 2019, reaching an all time high of 24.70 percent in December of 2010 and a record low of -8.80 percent in December of 2018.
Retail Sales YoY in Turkey is expected to be 1.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in Turkey to stand at 2.80 in 12 months time. In the long-term, the Turkey Retail Sales YoY is projected to trend around 3.20 percent in 2020, according to our econometric models.