Retail sales volume recorded a 21.2 percent increase.
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Turkey's Statistics Institution (TÜİK) released its March data. Retail sales volume showed a 21.2 percent year-on-year increase, while commercial sales volume recorded a 1.7 percent rise.
The total turnover index, calculated after adjusting for calendar effects, showed a 34.6 percent increase across a combination of industrial, construction, trade, and service sectors.
The data indicates that consumer demand remains strong and economic activity is progressing positively.
Retail sales showed strong annual growth of 21.2 percent in March. The combined turnover index of industry, construction, trade and services sectors increased by 34.6 percent, pointing to broad-based economic activity growth.
Strong consumption figures demonstrate that economic recovery supported by domestic demand is continuing; this could affect investment and employment decisions in the real sector. This vibrancy in retail and general commercial activity may raise pricing pressures and inflation expectations in the coming quarter.