Türkiye's Retail Sales Slow Down In June

Türkiye's retail sales, a marker of growing consumer spending, slowed down in June after rising at the fastest pace in a year in May, according to official figures released on Friday.

The retail sales volume rose 5.5% year-on-year in June versus 20.8% on an annual basis in May, the Turkish Statistical Authority data showed.

Food, drinks and tobacco sales went up 6.4% from a year ago in June and non-food sales – excluding automotive fuel – increased 11.4%.

On the other hand, automotive fuel sales fell 11.8% annually in the month.

Electronic goods and furniture sales were the sole index posting drop among non-food items, down 0.2% compared with June 2021, while sales by mail order and the internet shot up 33.8%.

On a monthly basis, Turkiye's retail trade declined 0.7% in June.

Sales of food, drinks and tobacco increased marginally, 0.1%, while non-food sales – except automotive fuel – rose 1.8%.

Automotive fuel sales dove 9.6% month-on-month in June.

Among non-food items, medical goods and cosmetics sales were down 3.3% from May. -