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Türkiye’s retail sales down in February in wake of quakes

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Türkiye’s retail sales volume, a marker of growing consumer spending, fell 6.5% month-on-month in February after powerful twin earthquakes hit numerous provinces and affected 13 million people in the country, according to official data released on Wednesday.

Automotive fuel sales posted the largest decline of 8.8%, while non-food (except automotive fuel) dove 8.7% from a month ago in February.

Food, drinks, and tobacco sales inched down 0.3% during the same period. Electronic goods and furniture sales slipped the most among non-food items, down 11.1% on a monthly basis this February.—AA

 

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