17.10.201810:08:00UTC+00Turkey Retail Sales Growth Slows For Fourth Month

Turkey's retail sales growth slowed sharply in August reflecting a decline in non-food sales, figures from Turkstat showed Wednesday.

The retail sales volume at constant prices grew a calendar-adjusted 1.3 percent year-on-year in August, after rising 2.8 percent in July.

Sales growth of food, tobacco and beverages eased to 4.9 percent, while non-food sales except automotive fuel sales dropped 0.5 percent.

The retail sales turnover at current prices grew 20.3 percent on an annual basis, which was slower than July's 20.9 percent increase.

Month-on-month, the retail sales volume grew 0.4 percent and turnover rose 2.5 percent on a seasonal and calendar-adjusted basis in August.