Turkish retail sales rebound in March led by fuel

Turkish retail sales rebounded in March after sliding the previous month, led by an increase in sales of fuel and food.

Sales volume at constant prices increased 0.5 percent from February, the Turkish Statistical Institute said on its website on Thursday. Sales of fuel rose 1.2 percent and food and beverages by 0.8 percent, while sales of non-food items were unchanged.

The annual increase in retail sales volume was 7.4 percent compared with March 2017, with food and beverages leading the advance, the institute said. It was the slowest yearly growth since November, when sales rose 3.1 percent.

Turkey's government is seeking to stimulate economic growth through measures including loan guarantees and financial amnesties ahead of presidential and parliamentary elections on June 24.

Turkey retail sales