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TURKEY: Retail Sales Growth Slows to +5.4% Y/Y in July

TURKEY
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  • Turkey's retail sales rose 5.4% y/y in July versus a revised +8.9% in June, according to the Turkish Statistical Institute. That marks the lowest for the series since July 2022. Month-on-month, retail sales rose 0.8% compared to +1.7% in June.
  • The increase in imports of consumer goods, led by motor vehicles, continues unabated in 2024, Ekonomi report. In the January-July period, imports of consumer goods increased by 13.7% to $34.6bn, or 15% of total imports.
  • There are no other data releases scheduled for today, with current account figures for July set to cross the wires tomorrow morning (Est: +$0.60bn; Prior: +$0.41bn).
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  • Turkey's retail sales rose 5.4% y/y in July versus a revised +8.9% in June, according to the Turkish Statistical Institute. That marks the lowest for the series since July 2022. Month-on-month, retail sales rose 0.8% compared to +1.7% in June.
  • The increase in imports of consumer goods, led by motor vehicles, continues unabated in 2024, Ekonomi report. In the January-July period, imports of consumer goods increased by 13.7% to $34.6bn, or 15% of total imports.
  • There are no other data releases scheduled for today, with current account figures for July set to cross the wires tomorrow morning (Est: +$0.60bn; Prior: +$0.41bn).