Turkey's retail landscape faced a noticeable slowdown in December 2024, signaling a potential tightening in consumer spending momentum. According to recently updated data released on February 11, 2025, retail sales grew by only 0.4% from the previous month, a stark contrast to the 1.9% increase reported in November.
The month-over-month comparison reveals that while the retail sector continued to expand in December, the pace has significantly decelerated. The figures indicate a much softer performance in retail activities compared to the robust growth experienced from October to November of the same year.
Experts suggest that this downturn could be a reflection of various factors, including slower consumer confidence or seasonal economic adjustments. With the March economic forecasts on the horizon, industry analysts will be closely monitoring how this downtrend might influence broader economic conditions in Turkey in the upcoming months. These numbers provide critical insights into consumer behavior during a crucial retail period, setting the stage for economic strategizing in the months ahead.
