Turkey’s retail trade fell 9.2 percent from a year earlier in December 2018, following a downwardly revised 6.0 percent drop in the previous month, marking the fourth straight month of decline and the steepest since the series began in 2006. Sharp falls were recorded in sales of automotive fuel (-9.5 percent vs -6.8 percent in November); food, drinks & tobacco (-2.7 percent vs 1.4 percent); and non-food products (-12.6 percent vs -9.4 percent), in particular computers, books, telecommunication equipment (-21.7 percent vs -19.0 percent), electronics goods & furniture (-19.0 percent vs -18.0 percent), and medical goods & cosmetics (-0.4 percent vs 0.9 percent). On the other hand, sales rose for: trade via mail orders & internet (16.8 percent vs 44.4 percent) and textiles, clothing & footwear (1.4 percent vs 4.2 percent). On a monthly basis, retail sales went down 0.6 percent in December. Retail Sales YoY in Turkey averaged 6.37 percent from 2006 until 2018, reaching an all time high of 24.70 percent in December of 2010 and a record low of -9.20 percent in December of 2018.

Retail Sales YoY in Turkey is expected to be 0.50 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 3.20 in 12 months time. In the long-term, the Turkey Retail Sales YoY is projected to trend around 2.70 percent in 2020, according to our econometric models.

Turkey Retail Sales YoY
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-19 07:00 AM Retail Sales YoY -3.4% 1.5% 1%
2018-12-18 07:00 AM Retail Sales YoY -7.5% -2.9% -4.2%
2019-01-15 07:00 AM Retail Sales YoY -6.3% -7.4% -6.2%
2019-02-15 07:00 AM Retail Sales YoY -9.2% -6.0% -2.7%
2019-03-15 07:00 AM Retail Sales YoY -9.2%
2019-04-16 07:00 AM Retail Sales YoY
2019-05-15 07:00 AM Retail Sales YoY 0.5%


Turkey Consumer Last Previous Highest Lowest Unit
Consumer Confidence 57.80 58.20 98.68 55.66 Index Points [+]
Retail Sales MoM -0.60 0.20 5.00 -7.30 percent [+]
Retail Sales YoY -9.20 -6.00 24.70 -9.20 percent [+]
Consumer Spending 269714419.80 262193661.70 282426440.20 101701774.50 TRY THO [+]
Private Sector Credit 1890474377.00 1900527886.00 2135603878.00 4762.10 TRY Thousand [+]
Consumer Credit 509010058.00 515616707.00 531736763.00 4110315.00 TRY THO [+]
Gasoline Prices 1.18 1.13 2.68 0.56 USD/Liter [+]
Households Debt To GDP 16.40 16.60 19.60 0.10 percent of GDP [+]
Economic Optimism Index 78.50 81.90 114.90 60.80 Index points [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-9.20 -6.00 24.70 -9.20 2006 - 2018 percent Monthly
WDA, 2015=100




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