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.

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Turkey Retail Sales YoY



Calendar GMT Actual Previous Consensus TEForecast
2023-04-12 07:00 AM Feb 21.5% 34% 22.3%
2023-05-12 07:00 AM Mar 28.6% 21.7% 7.1%
2023-06-13 07:00 AM Apr 28.6% 18.9%


Related Last Previous Unit Reference
Consumer Confidence 91.10 87.50 points May 2023
Retail Sales MoM 7.30 -6.50 percent Mar 2023
Retail Sales YoY 28.60 21.50 percent Mar 2023
Consumer Spending 366087914.80 419357061.30 TRY THO Mar 2023
Economic Optimism Index 103.70 102.20 points May 2023

Turkey Retail Sales YoY
In Turkey, the year-over-year change in Retail sales compares the aggregated sales of retail goods and services during a certain month to the same month a year ago.
Actual Previous Highest Lowest Dates Unit Frequency
28.60 21.50 42.12 -20.03 2006 - 2023 percent Monthly
Constant Prices, WDA

News Stream
Turkey Retail Sales Growth Accelerates in March
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.
2023-05-12
Turkish Retail Sales Growth Eases in February
Retail sales in Turkey eased to 21.5% year-on-year in February 2023, following an upwardly revised twenty one month high of 34% growth in the previous month. Sales slowed significantly for all categories: food, drinks & tobacco (24.3% vs 24.6% in January); non-food products (24.5% vs 42.6%); textiles, clothing & footwear (10.7% vs 31.3%); audio & video equipment, hardware, paints & glass, electrical household appliances, furniture, etc. (31.2% vs 49.7%); computers, peripheral units & software, books, telecommunications equipment, etc. (45.8% vs 66.3%) and fuel (7.8% vs 23.7%). On a seasonally adjusted monthly basis, retail sales dropped 6.5% in February, the steepest decline since April 2020, reversing an upwardly revised 5.7 percent gain in January.
2023-04-12
Turkish Retail Sales Continue to Rise in January
Retail sales in Turkey jumped 33.9% year-on-year in January of 2023, the most since April 2021, from a downwardly revised 21.4% rise in the prior month. Sales increased significantly for all categories except pharmaceutical goods: food, drinks & tobacco (24.4% vs 12.5% in December); non-food products (42.4% vs 27.4%); textiles, clothing & footwear (31.1% vs 9.6%); audio & video equipment, hardware, paints & glass, electrical household appliances, furniture, etc. (49.9% vs 30%); computers, peripheral units & software, books, telecommunications equipment, etc. (66.1% vs 44.5%); fuel (23.6% vs 15.9%) and pharmaceutical goods, medical & orthopedic goods, cosmetic & toilet articles (8.1% vs 8.4%). On a seasonally adjusted monthly basis, retail sales went up 5.4% in January, the highest since June 2021, following a downwardly revised 3.7% gain in the previous month.
2023-03-13