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Financial News: Turkey Retail Sales Growth Slows In February

Turkey Retail Sales Growth Slows In February

04/17/2018 - 03:23:00 (RTTNews)

(RTTNews) - Turkey's retail sales growth moderated in February after accelerating in the previous two months, figures from the Turkish Statistical Institute showed Tuesday.

Retails sales climbed a calendar-adjusted 8.0 percent year-over-year in February, slower than the 10.8 percent spike in January.

Sales of food, drinks and tobacco grew 7.7 percent yearly in February and non-food sales, except automotive fuel rose by 7.4 percent.

On a monthly basis, retail sales dropped a seasonally and calendar-adjusted 1.0 percent from January, when it increased by 1.2 percent.

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