Home Economy Turkey Retail Sales Fall At Slower Pace In January

Turkey Retail Sales Fall At Slower Pace In January

by RTTNews Staff Writer

Turkey’s retail sales fell in January, but at a slower pace, data from the Turkish Statistical Institute showed on Friday.

The retail sales volume fell a calendar adjusted 6.7 percent year-on-year in January, after an 8.8 percent slump in December.

The biggest decline was in non-food sales, down 10.3 percent, and followed by a 2.9 percent fall in the sales of food, drinks and tobacco.

On a monthly basis, retail sales rose 1.3 percent in January, reversing a 0.3 percent fall in the previous month. In November, sales rose 0.7 percent.

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