Volume of retail trade in Türkiye surged by 15.6% on an annual basis in February, official data showed on Monday, slowing slightly from the January level but maintaining a positive momentum.
In the same month, total trade sales volume increased by 4.0% compared to the last year, the data from the Turkish Statistical Institute (TurkStat) showed.
In January, the retail sales volume index increased by 18.8% on an annual basis, while trade sales volume surged 7.6%, respectively.
Among other subindices in February, the wholesale and retail trade and repair of motor vehicles and motorcycles volume decreased by 1.5%, and the volume of wholesale trade sales edged down by 0.1%, the data showed. Thus, retail sales were the major contributor to the overall increase in trade sales in the month.
Trade and retail sales serve as a significant indicator of consumer behavior and spending tendency, contributing to an economy’s output.
On a monthly basis, however, both trade and retail sales witnessed marginal slowdowns.
Trade sales volume decreased by 0.6%, and retail sales volume index decreased by 0.2% month-over-month.
Separate data from TurkStat showed on Monday that the total turnover index of the Turkish economy, including industry, construction, trade, and services sectors increased by 34.2% on an annual basis in February.
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