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Financial News: Turkey Retail Sales Rise In July

Turkey Retail Sales Rise In July

09/18/2018 - 06:31:00 (RTTNews)

(RTTNews) - Turkey's retail sales rose in July led by strong demand for medical goods and cosmetics and sharp growth in sales via mail orders and internet, figures from Turkstat showed Tuesday.

The retail sales volume at constant prices grew a calendar-adjusted 3.1 percent year-on-year in July.

Sales of food, tobacco and beverages rose 8.2 percent. Non-food sales except automotive fuel rose 1.3 percent, within which sales via mail orders and internet surged 24.1 percent.

The retail sales turnover at current prices rose 21.2 percent year-on-year amid a 40.4 percent jump in sales through mail orders and internet.

On a seasonal and calendar-adjusted basis, the retail sales volume grew 1.3 percent from the previous month and turnover rose 1.9 percent in July.

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