Türkiye's retail sales growth accelerates in September

Türkiye's retail sales expanded for the first time in four months in September, official data showed on Tuesday. The retail sales volume rose 14.3% year-over-year and increased 4.7% from August, the Turkish Statistical Institute (TurkStat) said. Growth in nonfood products, excluding automotive fuel, accelerated to 18.2%, compared with 15% in the previous month. In contrast, sales of food, beverages and tobacco slowed to 8.2%, down from 10.5% in August. Online sales growth also eased slightly to 4.8% from 5%. On a monthly basis, retail sales increased 2.2% in September, following a 1.1% gain in August. Separate data by TurkStat showed the calendar-adjusted total turnover index for the industry, construction, trade and services sectors increased by 37.5% in September from a year ago. Month-over-month, seasonally and calendar-adjusted total turnover index rose 4.6%, the data showed. The calendar-adjusted industry turnover index increased by 30.5% year-over-year, while the seasonally and calendar-adjusted index rose 2.8% compared to the previous month. In the construction sector, the calendar-adjusted turnover index rose 32.8% year-over-year, but the seasonally and calendar-adjusted index fell 6.5% month-over-month. The calendar-adjusted trade turnover index increased by 41.6% from a year ago, and the seasonally and calendar-adjusted index rose 7.7% from the previous month. In the services sector, the calendar-adjusted turnover index rose 37% year-over-year, while the seasonally and calendar-adjusted index increased 1.9% month-over-month.