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Turkish retail sales see double-digit rise in October

by DAILY SABAH WITH AA

ISTANBUL Dec 14, 2020 - 11:47 am GMT+3
Direction and social distancing signs are seen on the floor at a shopping mall amid the coronavirus outbreak, in Istanbul, Turkey, Dec. 2, 2020. (Reuters Photo)
Direction and social distancing signs are seen on the floor at a shopping mall amid the coronavirus outbreak, in Istanbul, Turkey, Dec. 2, 2020. (Reuters Photo)
by DAILY SABAH WITH AA Dec 14, 2020 11:47 am

Retail sales volume in Turkey posted double-digit growth in October, according to official figures released Monday.

Sales with constant prices jumped 12% year-on-year in the month, the Turkish Statistical Institute (TurkStat) said.

Month-on-month, sales surged 4.2%, the data showed.

During the month, the highest annual hike was seen in food, drinks and tobacco sales with 14.8%.

Non-food sales and automotive fuel sales followed with 12.8% and 6.5% growth, respectively.

Among non-food sales, the volume of electronic goods and furniture sales rose 15.4%, and textile, clothing and footwear sales were up 10%.

Computers, books and telecommunications equipment sales, and medical goods and cosmetic sales followed with 7.1% and 5.8% growth, respectively.

Meanwhile, mail order and internet sales climbed 98.3% year-on-year in October.

Demand on online shopping platforms increased significantly during the COVID-19 pandemic period when people chose to or were forced to stay home.

TurkStat also revealed that calendar-adjusted retail turnover with current prices jumped 24.3% in October on a yearly basis.

"In the same month food, drinks and tobacco sales increased by 28.5%, non-food (except automotive fuel) sales increased by 28.9% and automotive fuel sales increased by 6%," it added.

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