Türkiye’s annual retail sales jump by 25.1% in February

Türkiye’s retail sales volume increased by 25.1% on an annual basis in February, the Turkish Statistical Institute (TurkStat) revealed on Tuesday.

Among sub-indexes, nonfood items posted the highest annual increase with 36.5%, followed by food, drinks and tobacco with 13% and automotive fuel with 4.6%.

Under nonfood items, computers, books and telecommunications equipment sales rose by 56.1%, electronic goods and furniture by 25.2%, medical goods and cosmetics by 17.9%, and textiles, clothing and footwear by 16.1%.

Sales via mail orders rose by 59% year-over-year in February.

The data from TurkStat showed the month-over-month retail trade volume sales also gathered pace rising from January’s 2.7% to 3.5% in February.

In February, wholesale trade volume rose by 5.7% versus February 2023, according to the data.

Another report from the statistical office revealed that the total turnover index including industry, construction, trade and services sectors went up by 85.1% in February versus the same month last year.

Among subindex, the turnover in the construction sector posted the highest increase with the index up 104% year-over-year in February.

It was followed by services with 103.8%, trade with 83.7%, and industry with 77.3%, respectively.

On the other hand, the monthly increase in the combined turnover of those four sectors was 6.3%, according to TurkStat.