In Turkey, retail sales growth slowed in May on an annual basis

By: Trademagazin Date: 2024. 07. 12. 10:02

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In Turkey, retail sales growth in May was 5.8 percent, the slowest rate since July 2022, following a 10.2 percent increase in April, according to the statistical office on Thursday.

Contributing to the slowing growth was the fact that the increase in sales of food, beverages and tobacco products was 8.1 percent in May after 10.3 percent in April, and that the growth in sales of non-food products decreased from 13.2 percent to 8.3 percent.

In May, retail sales of automotive fuels fell 9.2 percent year-on-year, accelerating after a 3.2 percent decline in April.

In Turkey, retail sales fell by 0.2 percent in May compared to April, when a larger drop of 1.9 percent was registered.