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Financial News: Turkey Retail Sales Rise Further

Turkey Retail Sales Rise Further

03/19/2018 - 03:29:00 (RTTNews)

(RTTNews) - Turkey's retail sales increased for the second straight month in January, figures from the Turkish Statistical Institute showed Monday.

Retails sales climbed a seasonally and calendar-adjusted 1.2 percent month-over-month in January, slower than December's 2.6 percent increase.

In November, sales had dropped 0.2 percent, which was revised from a 0.7 percent rise reported earlier.

Sales of food, drinks and tobacco grew 0.8 percent monthly in January and non-food sales, except automotive fuel rose by 1.0 percent.

On a yearly basis, retail sales growth accelerated to 10.7 percent in January from 8.9 percent in the previous month. Moreover, it was the strongest rate of increase in five months.

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