Retail sales in Turkey showed a significant decline in July 2024, according to the latest data released on September 11, 2024. The retail sales growth rate fell to 0.8%, a considerable drop from the 1.7% recorded in June 2024.
This data reflects the month-over-month change in retail activities, indicating a marked slowdown in consumer spending in July compared to the previous month. This decline could be an early sign of potential stress in the Turkish economy as consumer confidence wanes.
Market analysts will be closely monitoring subsequent data releases to gauge whether this dip is a temporary fluctuation or indicative of a longer-term trend affecting Turkey's economic landscape.
