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Turkey Retail Sales Decline At Slower Pace In May

Turkey's retail sales fell in May but at a slower pace, data from the Turkish Statistical Institute showed on Wednesday.

The retail sales volume fell by a calendar adjusted 3.7 percent year-on-year in May, after a 6.6 percent decline in April. This was the ninth consecutive fall in sales.

The biggest decline was in automotive fuels, which dropped by 7.8 percent followed by a 3.0 percent fall in the sales of food, drinks and tobacco. Non-food sales were down 2.3 percent.

On a monthly basis, retail sales rose 0.3 percent in May, after a 1.4 percent fall in the previous month. In March, sales rose 1.4 percent.

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