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Retail sales in Turkiye up by 5.5% YoY in Jun 2022

15 Aug '22
1 min read
Pic: Sorbis / Shutterstock.com
Pic: Sorbis / Shutterstock.com

Retail sales volume in Turkiye increased by 5.5 per cent year on year (YoY) in June this year versus 20.8 per cent on an annual basis in May, data from the Turkish Statistical Institute (TurkStat) showed. Sales, however, slowed down in June on a monthly basis after rising at the fastest pace in a year in May. On a monthly basis, retail trade declined by 0.7 per cent in June in the country.

Non-food sales, excluding automotive fuel, increased by 11.4 per cent in June compared to the figure from a year ago. Automotive fuel sales fell by 11.8 per cent annually in the month.

Automotive fuel sales dove 9.6 per cent month-on-month in June.

The nation’s total turnover jumped by 129.8 per cent in June compared to a year ago, fueled by strong growth in the industry, construction, trade and services sectors, TurkStat said.

The largest annual rise was seen in the services sector, surging 167 per cent. It was followed by industry with 133.5 per cent and trade with 118.7 per cent.

Fibre2Fashion News Desk (DS)

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