Financial News: Turkey Retail Sales Growth Eases In October

Turkey Retail Sales Growth Eases In October

12/11/2024 - 03:10:00 (RTTNews)

(RTTNews) - Turkey's retail sales continued to grow sharply in October, though at a slightly slower pace compared to the previous month, the Turkish Statistical Institute said on Wednesday.

The volume of retail sales climbed 15.0 percent on a yearly basis in October, following a 16.4 percent surge in September.

Sales of non-food products, except automotive fuel, surged 20.1 percent annually in October, and those of food, drinks, and tobacco grew by 10.6 percent. Meanwhile, automotive fuel sales rose only 1.0 percent.

On a monthly basis, retail sales edged up 0.2 percent, much slower than the 2.5 percent rise seen a month ago. Nonetheless, this was the fifth consecutive increase.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

UK Manufacturers Expect Output To Fall Further: CBI (26 min(s), 05 sec(s) ago)
(RTTNews) - UK manufacturers expect output to decline further in the coming three months, the late ...Full Story»

South Africa Wholesale Sales Plunge 7.3% (52 min(s), 05 sec(s) ago)
(RTTNews) - South Africa's wholesale trade declined sharply in November after a strong rebound ...Full Story»

Turkey Central Bank Slashes Rate For Second Straight Time (01 hr(s), 14 min(s), 05 sec(s) ago)
(RTTNews) - Turkey's central bank slashed its benchmark rate by 250 basis points for the secon ...Full Story»

Belgium Consumer Confidence Weakens Further (01 hr(s), 14 min(s), 05 sec(s) ago)
(RTTNews) - Belgian consumers continued to express more pessimistic attitudes at the start of the ...Full Story»

Hungary Wage Growth Eases In November (01 hr(s), 45 min(s), 05 sec(s) ago)
(RTTNews) - Hungary's average gross earnings growth moderated in November after accelerating i ...Full Story»

Poland Retail Sales Growth Slows To 1.9% (02 hr(s), 14 min(s), 05 sec(s) ago)
(RTTNews) - Poland's retail sales expanded at a slower-than-expected pace in December, figures ...Full Story»

Norway Central Bank Holds Rate; Set To Loosen Policy In March (02 hr(s), 54 min(s), 05 sec(s) ago)
(RTTNews) - Norway's central bank left its key interest rate unchanged as widely expected on T ...Full Story»

Taiwan Industrial Output Growth Quickens, Retail Sales Rise For Second Month (03 hr(s), 50 min(s), 05 sec(s) ago)
(RTTNews) - Taiwan's industrial production expanded at an accelerated pace at the end of the y ...Full Story»