Retail sales growth slows in Türkiye
The Turkish Statistical Institute (TÜİK) released its trade sales volume data for August, showing that retail sales increased by 10.1% year-on-year, slowing from the previous month's annual growth rate of 11.5%.
On a monthly basis, retail sales rose by 1.4%. Meanwhile, total trade sales volume increased by 0.6% annually and 0.2% month-on-month.
A breakdown by sector revealed that sales volume in the trade and repair of motor vehicles and motorcycles declined by 11.2% year-on-year, while wholesale trade fell by 1.9%. On a monthly basis, motor vehicle trade decreased by 1%, and wholesale trade contracted by 0.2%. The figures indicate that growth continues in the retail sector, while weakness persists in other areas of trade.
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