Tuesday, 02 January 2024 12:17 GMT

Türkiye Posts 12.2 Percent Increase in August Retail Sales


(MENAFN) Türkiye’s retail sector posted robust annual growth in August, with total retail sales climbing 12.2% year-on-year, according to data released Friday by the country’s national statistics office, TurkStat.

The broader trade sector also expanded, with overall trade sales volume up 6.9% compared to the same month last year. Wholesale trade saw more modest gains, increasing by 3.4% year-on-year.

Among key categories, food, drink, and tobacco sales advanced 9.6%, while non-food items recorded a stronger uptick of 14.1%. Sales of automotive fuel rose 9%, reflecting continued consumer demand.

Technology-related goods led the gains, with sales of computers, books, and telecommunications equipment jumping 21.9% in August compared to the previous year. Meanwhile, online retail sales increased by 4.7%, underscoring sustained digital consumer activity.

However, monthly figures showed mixed momentum. While retail sales edged up 0.9% from July, trade sales dipped 1.4%, and wholesale trade fell more sharply by 3.1%.

The data point to a resilient retail environment despite cooling wholesale activity, highlighting consumer demand as a key driver of Türkiye’s economic pulse.

MENAFN11102025000045017169ID1110181386



Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.