In December 2024, Turkey experienced a deceleration in retail sales growth, recording a figure of 13.5%, according to the most recent data updated on February 11, 2025. This marks a slowdown from the previous month's rate of 16.4% observed in November 2024. The figures denote a year-over-year comparison, illustrating the country's fluctuating retail landscape amid ongoing economic adjustments.
The drop in the growth rate is significant, reflecting the challenges within Turkey's retail sector as it grapples with changing consumer behaviors and economic conditions. Analysts suggest that while the retail field continues to expand, the pace has moderated as consumers remain cautious in their spending amidst external economic pressures and inflation concerns.
As Turkey navigates its economic landscape into 2025, this trend in retail sales could manifest critical insights for both policymakers and businesses seeking to understand and navigate the evolving market dynamics. The fresh data will undoubtedly be a focal point for stakeholders keen on strategizing for sustainable growth and stability in the months ahead.
