Retail

Turkiye's retail sales volume increases 12.8% in November 2023

16 Jan '24

2 min read

Pic: Adobe Stock

Insights

Turkiye's retail sector saw a 12.8 per cent yearly increase in sales volume in November 2023, with a 17 per cent surge in non-food sales.
Monthly, sales rose by 0.2 per cent overall and 0.7 per cent in non-food.
Textiles, clothing, and footwear grew 4.4 per cent YoY and 0.8 per cent MoM.
Retail turnover jumped 79.8 per cent annually and 3.6 per cent monthly.

Turkiye's retail sector experienced robust growth in November 2023, according to the latest data released by the Turkish Statistical Institute (Turkstat). The retail sales volume, measured with constant prices, saw a notable increase of 12.8 per cent compared to the same month in the previous year. This growth was particularly evident in the non-food sector (excluding automotive fuel), which surged by 17 per cent.

On a monthly basis, the overall retail sales volume in November 2023 showed a modest rise of 0.2 per cent over the previous month. Within this category, non-food sales (excluding automotive fuel) marked a higher growth of 0.7 per cent. The textiles, clothing, and footwear segment also displayed positive trends, with a year-on-year (YoY) increase of 4.4 per cent and a month-on-month (MoM) growth of 0.8 per cent.

In terms of retail turnover with current prices, there was a remarkable annual increase of 79.8 per cent in November 2023 compared to the same month last year. The non-food sector (excluding automotive fuel) outpaced this growth, registering an 86.7 per cent increase, as per Turkstat.

On a monthly comparison, retail turnover in November 2023 rose by 3.6 per cent, with non-food sales (excluding automotive fuel) climbing by 4.4 per cent. The textiles, clothing, and footwear sector showed significant increases both annually and monthly, with turnovers rising by 79.8 per cent YoY and 7.8 per cent MoM, respectively.

Fibre2Fashion News Desk (DP)

More Retail News - Turkey...