2026.06.1607:00:00UTC+00Turkey’s Retail Sales Growth Cools Sharply in April, Year-on-Year Rate Nearly Halved

Turkey’s annual retail sales growth decelerated markedly in April 2026, with the year-over-year rate slowing to 11.4%, down from a previously reported 21.2%. The latest figures, updated on 16 June 2026, highlight a significant loss of momentum in consumer spending compared to the same period a year earlier.

Both the current and previous readings are measured on a year-over-year basis, comparing each April’s performance to April of the prior year. The sharp moderation suggests that the surge in retail activity seen earlier has eased considerably, potentially reflecting weaker consumer demand, tighter financial conditions, or normalization after a period of elevated growth.

The slowdown in retail sales is likely to draw close attention from investors and policymakers, as it may signal shifting underlying dynamics in Turkey’s domestic economy and could influence expectations for growth and monetary policy in the coming months.