Retail sales in Turkey surged to 28.6% year-on-year in March 2023, following an upwardly revised 21.7% growth in the previous month. Sales accelerated for non-food products (38% vs 24.6% in February); computers, peripheral units & software, books, telecommunications equipment, etc. (69.8% vs 45.1%); audio & video equipment, hardware, paints & glass, electrical household appliances, furniture, etc. (42.8% vs 31.8%); fuel (17.8% vs 8.4%) and textiles, clothing & footwear (12% vs 11.1%). By contrast, sales rose at a slower pace for food, drinks & tobacco (17% vs 24.5%). On a seasonally adjusted monthly basis, retail sales climbed 7.3% in March, reversing a 6.5 percent drop in the previous month. source: Turkish Statistical Institute
Retail Sales YoY in Turkey averaged 7.09 percent from 2006 until 2023, reaching an all time high of 42.12 percent in April of 2021 and a record low of -20.03 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 June of 2023.
Retail Sales YoY in Turkey is expected to be 4.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkey Retail Sales YoY is projected to trend around 3.60 percent in 2024 and 4.00 percent in 2025, according to our econometric models.