Turkey's retail trade rose 4.6 percent year-on-year in February of 2021, the most since November, accelerating from an upwardly revised 2.6 percent increase in the previous month. Sales increased at a faster pace for non-food products (4 percent vs 0.2 percent) such as computers, peripheral units and software, books, telecommunications equipment (12.6 percent vs 2.4 percent). Also, sales of automotive fuel rebounded (0.8 percent vs -5.4 percent) while those of food, drinks and tobacco eased (8.1 percent vs 12.6 percent). Within non-food, sales slowed via mail orders and internet (80.1 percent vs 102.2 percent), and audio and video equipment, hardware, paints and glass, electrical household appliances, furniture (8.9 percent vs 14.1 percent). On a monthly basis, retail sales climbed 3.4 percent, following a 0.6 percent advance in January. source: Turkish Statistical Institute
Retail Sales YoY in Turkey averaged 5.55 percent from 2006 until 2021, 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 May of 2021.
Retail Sales YoY in Turkey is expected to be 5.50 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 5.20 in 12 months time. In the long-term, the Turkey Retail Sales YoY is projected to trend around 3.80 percent in 2022 and 4.50 percent in 2023, according to our econometric models.