Retail sales in Turkey fell in October at a record pace since 2010, according to the statistics of the country, their fall relative to September was 7.5%. The Financial Times writes that the fall in retail sales is a consequence of the currency crisis and a slowdown in economic growth in the country. In November, there was an increase in sales of essential goods only. In annual terms, food, beverages and tobacco products showed growth by 1.6%. Sales of medical products increased by 5%. Non-food sales dropped by 12%.
China's fiscal revenues soar 4.7% as economic recovery picks up pace
19.10.2020Alibaba Group Holdings to acquire Sun Art Retail Group in a deal worth $3.6 billion
07.10.2020Levi Strauss expands its retail footprint and forecast
06.10.2020Activity in U.S. service sector surpasses pre-pandemic record in September
