Turkey's retail trade growth eased sharply to 0.6 percent in December of 2020, following an upwardly revised 12.3 percent surge in the previous month. It was the weakest increase in retail activity since last May, as sales increased at a softer pace for food, beverages & tobacco (8.8 percent vs 11.5 percent in November). In addition, declines were seen in those of automotive fuel (-1.1 percent vs 9.2 percent) and non-food products (-3.3 percent vs 14 percent), especially textiles, clothing & footwear (-18.6 percent vs 4 percent). Meanwhile, sales by mail orders and internet continued to climb (73 percent vs 72 percent), driven by coronavirus-linked lockdown measures. On a monthly basis, retail sales fell 4.2 percent, the first decline since April, after a downwardly revised 2 percent increase in the previous month. source: Turkish Statistical Institute
Retail Sales YoY in Turkey averaged 5.57 percent from 2006 until 2020, reaching an all time high of 24.70 percent in December of 2010 and a record low of -20 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 March of 2021.
Retail Sales YoY in Turkey is expected to be 3.60 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 6.20 in 12 months time. In the long-term, the Turkey Retail Sales YoY is projected to trend around 4.50 percent in 2022, according to our econometric models.