Turkey's retail sales growth moderated for the second straight month in July, though it remained sharp, the Turkish Statistical Institute said on Thursday.
The volume of retail sales climbed 13.0 percent on a yearly basis in July, slower than the 15.0 percent surge in June.
The annual sales growth in non-food products, except automotive fuel, softened to 13.3 percent from 19.4 percent.
Meanwhile, sales of food, drinks, and tobacco grew at a faster pace of 14.4 percent versus a 10.3 percent increase in June. Data showed that automotive fuel sales growth accelerated to 8.9 percent from 4.4 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.