Retail sales in Turkey fell at a record pace in October

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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%.

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