Retail sales in Turkey grew by 16.3 percent year-on-year in November of 2021, faster than an upwardly revised 15.5 percent increase in the prior month, which was the weakest figure since July. Sales rose at a faster pace for both food, drinks, and tobacco (8.8 percent vs 5.2 percent in October), and non-food products (25.7 percent vs 24.8 percent). In the meantime, fuel trade growth slowed sharply (1.0 percent vs 6.3 percent). On a seasonally adjusted monthly basis, retail sales increased by 1.3 percent in November, after an upwardly revised 1.1 percent gain in October. source: Turkish Statistical Institute
Retail Sales YoY in Turkey averaged 6.46 percent from 2006 until 2021, reaching an all time high of 42.70 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 January of 2022.
Retail Sales YoY in Turkey is expected to be 5.20 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 3.80 percent in 2023 and 4.50 percent in 2024, according to our econometric models.