HomeEconomyRetail sales in Türkiye jump 16.4% yearly in November

Retail sales in Türkiye jump 16.4% yearly in November

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Türkiye’s retail gross sales jumped 16.4% yearly in November 2024 and ticked up 1.9% month-over-month, in accordance with official information from the Turkish Statistical Institute (TurkStat) on Monday.

Trade gross sales quantity additionally surged 8.7% within the month in comparison with a 12 months earlier, and wholesale commerce gross sales rose 5.3%.

Among subcategories, food-drink-tobacco gross sales elevated by 11.1%, nonfood gross sales rose by 21.9% and automotive gas gross sales posted a slight improve of 0.1% in comparison with November 2023, in accordance with TurkStat.

Under nonfood objects, gross sales of computer systems, books, and telecommunications gear rose probably the most, by 40.9% whereas digital items and furnishings gross sales rose by 9.8%, textiles, clothes, and footwear gross sales rose by 6.7%, and medical items and beauty gross sales rose 15.4% in comparison with a 12 months earlier.

Sales by way of mail orders and web additionally elevated 14.1% year-over-year.

On a month-to-month foundation, retail gross sales, commerce gross sales and wholesale gross sales have been up 1.9%, 0.9%, and 0.6%, respectively.

Separate information shared by TurkStat on Monday, in the meantime revealed that the whole turnover index together with business, development, commerce, and providers sectors elevated by 42.4% on an annual foundation in November 2024.

Among subindexes, the turnover of the business was up by 30.1%, development elevated by 55.9%, commerce elevated by 44.6% and providers surged by 53.3% on an annual foundation in November final 12 months.

At the identical time, whole turnover grew by 2.6% month-over-month, TurkStat mentioned, rebounding from a 1.3% decline in October.

Among the subindexes, business rose by 2.3%, development by 0.9%, commerce by 3.1%, and providers by 2.1% in November.

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