Turkey Retail Sales Fall For First Time In 19 Months

Turkey's retail sales volume declined for the first time in over one-and-a-half years in September, preliminary data from the Turkish Statistical Institute showed on Monday.

The retail sales volume dropped a calendar adjusted 3.4 percent year-on-year following a 1.5 percent increase in August. The latest decline was the first since February 2017, when sales decreased 1 percent.

On a month-on-month basis, retail sales fell a seasonally-and-calendar adjusted 4.6 percent in September after a 0.2 percent gain in August. The latest drop was the first since February this year, when sales decreased 1 percent.

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