Retail sales in Turkey rose by 20.8 percent year-on-year in May of 2022, accelerating from an upwardly revised 15 percent gain in the prior month. It was the sharpest gain in retail sales since May 2021 as sales rebounded for food, drinks, and tobacco rebounded (5.1 percent vs. -0.8 percent in April) and fuel (10.9 percent vs. -2.6 percent), while those advanced faster for non-food products (34.3 percent vs. 31.8 percent). On a seasonally adjusted monthly basis, retail sales increased by 1.9 percent in May, following a revised 2.9 percent gain in the previous month. source: Turkish Statistical Institute
Retail Sales YoY in Turkey averaged 6.62 percent from 2006 until 2022, reaching an all time high of 43.10 percent in April of 2021 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 August of 2022.
Retail Sales YoY in Turkey is expected to be 3.50 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 6.50 percent in 2023 and 4.50 percent in 2024, according to our econometric models.