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Retail sales in Türkiye jump 16.4% yearly in November

by Daily Sabah with AA

ISTANBUL Jan 13, 2025 - 11:01 am GMT+3
People shop for sweets at the historic Spice Bazaar ahead of the new year, Istanbul, Türkiye, Dec. 31, 2024. (DHA Photo)
People shop for sweets at the historic Spice Bazaar ahead of the new year, Istanbul, Türkiye, Dec. 31, 2024. (DHA Photo)
by Daily Sabah with AA Jan 13, 2025 11:01 am

Türkiye's retail sales jumped 16.4% annually in November 2024 and ticked up 1.9% month-over-month, according to official data from the Turkish Statistical Institute (TurkStat) on Monday.

Trade sales volume also surged 8.7% in the month compared to a year earlier, and wholesale trade sales rose 5.3%.

Among subcategories, food-drink-tobacco sales increased by 11.1%, nonfood sales rose by 21.9% and automotive fuel sales posted a slight increase of 0.1% compared to November 2023, according to TurkStat.

Under nonfood items, sales of computers, books, and telecommunications equipment rose the most, by 40.9% while electronic goods and furniture sales rose by 9.8%, textiles, clothing, and footwear sales rose by 6.7%, and medical goods and cosmetic sales rose 15.4% compared to a year earlier.

Sales via mail orders and internet also increased 14.1% year-over-year.

On a monthly basis, retail sales, trade sales and wholesale sales were up 1.9%, 0.9%, and 0.6%, respectively.

Separate data shared by TurkStat on Monday, meanwhile revealed that the total turnover index including industry, construction, trade, and services sectors increased by 42.4% on an annual basis in November 2024.

Among subindexes, the turnover of the industry was up by 30.1%, construction increased by 55.9%, trade increased by 44.6% and services surged by 53.3% on an annual basis in November last year.

At the same time, total turnover grew by 2.6% month-over-month, TurkStat said, rebounding from a 1.3% decline in October.

Among the subindexes, industry rose by 2.3%, construction by 0.9%, trade by 3.1%, and services by 2.1% in November.

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  • Last Update: Jan 13, 2025 1:18 pm
    KEYWORDS
    turkish economy türkiye retail sales trade sales turnover turkstat
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