Updated
Updated · Hurriyet Daily News · Jul 13
Türkiye Retail Sales Jump 13.7% in May as Non-Food Demand Rises 17.5%
Updated
Updated · Hurriyet Daily News · Jul 13

Türkiye Retail Sales Jump 13.7% in May as Non-Food Demand Rises 17.5%

1 articles · Updated · Hurriyet Daily News · Jul 13

Summary

  • May retail sales volume in Türkiye rose 13.7% from a year earlier and 2.4% from April, extending consumer spending strength.
  • Non-food purchases excluding automotive fuel led the gain with a 17.5% annual increase, driven by a 23.5% jump in computers, books and telecom equipment and a 17.6% rise in clothing and footwear.
  • Internet and mail-order sales climbed 16.2%, while food, drinks and tobacco sales rose 9.1% and automotive fuel sales increased 3.2%, showing broader but uneven demand.
  • Overall trade sales volume still fell 1.4% year on year because wholesale trade dropped 7.8%, even as total trade sales edged up 0.7% month on month.

Insights

With consumption soaring and wholesale trade falling, is Türkiye's economy becoming dangerously imbalanced?
Is Türkiye's retail boom a sign of consumer confidence or a flight from a rapidly devaluing currency?