Türkiye's overall trade sales volume decreased by 4.5% on an annual basis in June, driven by a moderation in most of the subcategories, official data showed on Tuesday.

The drop in sales was driven by the fall in volume of wholesale and retail trade and repair of motor vehicles and motorcycles, which decreased by 13.8%, and wholesale trade sales volume, which was down by 9.4%, the data from the Turkish Statistical Institute (TurkStat) revealed.

In contrast, retail sales volume rose by 11.8% compared to the same month last year.

On a monthly basis, the country's total trade sales volume was up by 1.9% in June, while retail sales also increased by 0.7%.

Month-on-month, motor vehicle sales volume dropped by 5.7%, while wholesale trade increased by 4%.

Retail sales growth eases

The retail sales have been relatively resilient in recent months, particularly in the first quarter of the year. However, the pace of expansion moderated as June sales were slower than the 12.8% growth recorded in May.

Retail sales track consumer demand for finished goods and serve as a critical economic barometer.

Within the retail sector, non-food sales excluding automotive fuel surged by 17.6% annually in June, according to the institute's figures.

Data also showed that mail order and internet retail sales expanded significantly, growing by 22.4% year-over-year.

Food, drinks, and tobacco sales grew by 2.9% annually, while automotive fuel retail sales rose by 1.1% during the same period.

Turnover up 25.8%

A separate report shared by TurkStat on Tuesday showed that the total turnover of the Turkish economy increased by 25.8% on an annual basis in June.

Looking at the details of the total turnover index, industry turnover increased by 26.7%, construction surged by 29.9%, trade saw a 23.5% rise, and turnover in the services sector increased by 31.3% on a yearly basis.