Turkey's retail trade sank 19.3 percent from a year earlier in April of 2020, following a revised 0.9 percent increase in the previous month. It was the steepest decline ever recorded in retail activity amid broad lockdown measures to prevent the spread of the novel coronavirus. Sales of non-food declined sharply (-36.7 percent vs -7.7 percent in March), namely those of textiles, clothing & footwear (-77.2 percent vs -27.8 percent); computer, books, telecommunication equipment (-35.6 percent vs -5.4 percent); electronic goods & furniture (-26.7 percent vs -3.6 percent). Also, automotive fuel sales fell significantly (-20.1 percent vs -1.9 percent) and those of food grew at a softer pace (12.5 percent vs 18.2 percent). Meanwhile, trade via mail orders and Internet jumped (105.7 percent vs 47.1 percent). On a seasonally adjusted monthly basis, retail sales tumbled 21 percent, the most on record, after a downwardly revised 6.4 percent decline in the prior month.
Retail Sales YoY in Turkey averaged 5.62 percent from 2006 until 2020, reaching an all time high of 24.70 percent in December of 2010 and a record low of -19.30 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 July of 2020. source: Turkish Statistical Institute
Retail Sales YoY in Turkey is expected to be -12.70 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 3.60 in 12 months time. In the long-term, the Turkey Retail Sales YoY is projected to trend around 6.20 percent in 2021 and 4.50 percent in 2022, according to our econometric models.