Turkey's retail sales increased at the quickest pace in five months in August, the Turkish Statistical Institute said on Friday.The volume of retail sales surged 13.3 percent on a yearly basis in August, following a 5.8 percent rise in July. This was the fastest increase since March, when sales had risen 19.8 percent.Sales of food, drinks, and tobacco alone advanced by 11.3 percent, and those of n...
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.