Turkey's retail trade dropped 16.7 percent from a year earlier in May 2020, following a downwardly revised record 19.2 percent slump in the previous month, amid the coronavirus pandemic. Sales of non-food continued to decline (-25.5 percent vs -36.3 percent in May), of which textiles, clothing & footwear (-58.9 percent vs -76.5 percent); computer, books, telecommunication equipment (-28.4 percent vs -35.3 percent); and electronic goods & furniture (-7.4 percent vs -24.4 percent). In addition, sales of automotive fuel decreased further (-22.6 percent vs -20.6 percent) while those of food rose less (3 percent vs 12.5 percent). In contrast, sales via mail orders and internet increased at a faster pace (106.4 percent vs 104.3 percent). On a seasonally adjusted monthly basis, retail sales went up 3.8 percent, rebounding from a record 21.2 percent plunge in the prior month.
Retail Sales YoY in Turkey averaged 5.46 percent from 2006 until 2020, reaching an all time high of 24.70 percent in December of 2010 and a record low of -19.20 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 2020. source: Turkish Statistical Institute
Retail Sales YoY in Turkey is expected to be -6.40 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 5.50 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.