Retail

Turkiye witnesses slight contraction in trade sales volume in Jan 2024

13 Mar '24

1 min read

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Insights

In January 2024, Turkiye saw a slight contraction in trade sales volume by 0.4 per cent compared to the previous year, with wholesale trade down 6.3 per cent and retail trade up 13.3 per cent.
Textile, clothing, and footwear sales slightly rose by 0.9 per cent.
Month-over-month, trade sales fell by 3.2 per cent, with similar trends in wholesale and retail.

In January 2024, Turkiye experienced a minor contraction in its overall trade sales volume, decreasing by 0.4 per cent compared to the same period in the previous year, according to data released by the Turkish Statistical Institute (Turkstat). This slight downturn contrasts with varied performances in different sectors of the trade market. Specifically, wholesale trade sales saw a significant decline of 6.3 per cent, while the retail trade sector witnessed a substantial growth of 13.3 per cent.

Textile, clothing, and footwear sectors, in particular, showed resilience with a modest increase of 0.9 per cent in sales volume compared to the previous year.

However, when comparing January 2024 to the preceding month, Turkiye's trade sales volume experienced a more pronounced decrease of 3.2 per cent. The wholesale trade sector's struggles continued with an equivalent 6.3 per cent decrease, but retail trade sales remained robust, posting a consistent 13.3 per cent increase. The textile, clothing, and footwear sector faced a slight setback, with sales volume decreasing by 0.7 per cent from the previous month, as per Turkstat.

Fibre2Fashion News Desk (DP)

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