Retail sales in Turkey jumped by 14.7 percent year-on-year in April of 2022, the most since October last year, accelerating sharply from an upwardly revised 2.7 percent gain in the prior month, boosted by a sharp rise in sales of non-food products (31.3 percent vs 5.7 percent in March). Meanwhile, sales continued to decline for fuel (-2.8 percent vs -12 percent) and fell sharply for food, drinks, and tobacco (-1.1 percent vs 7 percent). On a seasonally adjusted monthly basis, retail sales increased by 2.1 percent, following an upwardly revised 0.7 percent gain in the previous month. source: Turkish Statistical Institute
Retail Sales YoY in Turkey averaged 6.53 percent from 2006 until 2022, reaching an all time high of 43.10 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 July of 2022.
Retail Sales YoY in Turkey is expected to be 4.60 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.