Turkey's retail trade growth slowed to 5.8 percent year-on-year in August 2020, from an upwardly revised 12.5 percent in the previous month. Non-food trade rose at a slower pace (7.2 percent vs 14.4 percent in July) due to a sharp decline in sales of textiles, clothing and footwear (-17.7 percent vs 1.6 percent). At the same time, there were increases in on-line trade (92.6 percent vs 96.3 percent) and sales of computers, books, telecommunications equipment (16.8 percent vs 15.1 percent), electronic goods and furniture (19.0 percent vs 28.9 percent), and medical goods and cosmetic (11.0 percent vs 5.2 percent). In addition, food, drinks and tobacco sales increased 5.2 percent (vs 12.8 percent in July) and fuel trade advanced 3.3 percent (vs 7.8 percent in July). On a monthly basis, retail sales rose 1.4 percent in August.
Retail Sales YoY in Turkey averaged 5.46 percent from 2006 until 2020, reaching an all time high of 24.70 percent in December of 2010 and a record low of -20.50 percent in April of 2020. This page provides the latest reported value for - Turkey Retail Sales YoY - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Turkey Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Turkish Statistical Institute
Retail Sales YoY in Turkey is expected to be 2.70 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 5.60 in 12 months time. In the long-term, the Turkey Retail Sales YoY is projected to trend around 6.20 percent in 2021 and 4.50 percent in 2022, according to our econometric models.