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Turkey: Retail sales volume up 10.6% in February

- Highest annual hike in non-food sales at 14.7% in February, official figures show

home > Oil, World, Türkiye 13.04.2020 11:46

Turkey: Retail sales volume up 10.6% in February

Retail sales volume with constant prices in the Turkish economy jumped 10.6% year-on-year in February, according to official figures released on Monday.

During the month, the highest annual hike was seen in non-food sales -- except automotive fuel -- with 14.7%, the Turkish Statistical Institute (TurkStat) stated.

It added that food, drinks and tobacco sales, and automobile fuels sales followed it with rises of 9.6% and 1.8%, respectively, year-on-year in February.

Among non-food, the volume of textile, clothing and footwear sales rose 19.3%, and computers, books, telecommunications equipment climbed 15.8%.

Volume of medical goods and cosmetic sales, electronic goods and furniture sales went up 8.1% and 6.7%, respectively.

Meanwhile, sales by mail orders and internet climbed 48.1% year-on-year in February.


- Retail turnover on rise in October

TurkStat also revealed that the calendar-adjusted retail turnover with current prices jumped 21.8% in February, on a yearly basis.

'In the same month food, drinks and tobacco sales increased by 24.7%, non-food (except automotive fuel) sales increased by 25.2%, automotive fuel sales increased by 8.3%,' it added.

By Gokhan Ergocun

Anadolu Agency

energy@aa.com.tr


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Highlights of global energy market in 2019

- Tensions between US and Iran, oil tanker attacks in Middle East and the climate crisis were hot topics in 2019
22.12.2019 Electricity , Natural Gas , Oil , Nuclear , Thermal , Lng/Lpg , Refining/Petro Chemistry , Wind , Solar , Hydro , Geothermal/Biomass , Projects , Oil , Natural Gas , Electricity , Energy Diplomacy , Energy Security , International Relations , News from companies , World , Türkiye , Europe , Eurasia , Americas , Middle East-Africa , General

Aramco int'l listing unlikely, Tokyo closest: Analyst

- 'Product [oil] is volatile, geopolitics is volatile, and Aramco admits energy mix is transitioning,' Gaurav Sharma says
12.12.2019 Oil , Oil , Energy Security , Europe , Asia , Middle East-Africa

Profitable Saudi oil to prompt demand for Aramco IPO

- "You are buying on the basis that it is highly profitable, and there is going to be demand for Saudi oil," expert says
16.11.2019 Refining/Petro Chemistry , Transportation/Fuel Oil , Oil , Energy Diplomacy , Energy Security , International Relations , Energy Projects , General

Saudi Aramco prepares for $2T IPO in Tadawul on Dec. 11

- World's most profitable company targets $2 trillion valuation that is set to surpass Microsoft, Apple, Alphabet
05.11.2019 Upstream , Projects , Oil , Middle East-Africa

ExxonMobil's climate change trial begins in New York

- Energy giant is accused of deceiving investors
24.10.2019 Oil , Energy Security , Americas

Hydraulic fracturing sees Turkey enter new energy era

- Fracking taps vast oil and gas reserves in shale and tight-rock formations, American Petroleum Institute says
09.10.2019 Upstream , Oil , Energy Projects , Türkiye , Americas

Turkey's crude oil imports up 15.53% in June

- Production of oil refinery products increase by 17.62% to 2.56 million tonnes in June
01.09.2019 Downstream , Refining/Petro Chemistry , Oil , Türkiye , General

Brent to average $69.50 in 2H19: Wood Mackenzie

- WoodMac estimates that output curbs will remain in place through 2019 and for the first quarter of 2020
04.07.2019 Oil , Oil , Americas , Middle East-Africa , General

US crude export levels and destinations rise in 2018

- Reaching 42 countries, US crude exports increased by 67 percent year-over-year
17.04.2019 Upstream , Oil , Americas

S&P revises Mexico's Pemex outlook to negative

- Pemex decision comes three days after Standard & Poor's revises down Mexico's outlook
06.03.2019 Projects , Oil , Americas

Seven oil, gas majors establish blockchain consortium

- Offshore Operators Committee Oil & Gas Blockchain Consortium is first in oil and gas industry for blockchain technology
28.02.2019 Oil , International Organization , Americas

Chevron is 1st US energy major to tie pay to emissions

- Company targets reduction of methane emissions intensity by 20 to 25 percent from 2016 to 2023
08.02.2019 Projects , Oil , Americas

US Sunoco P/line LP to pay $5.4M to settle 3 oil spills

- Three oil spills took place in US states of Texas, Louisiana, and Oklahoma during 2013, 2014, and 2015
01.02.2019 Oil , Energy Security , Americas

Oil prices up as US sanctions Venezuelan oil firm

- Sanctions to significantly diminish Venezuela's oil exports
29.01.2019 Upstream , Oil , International Relations , Americas

US Supreme Court rejects ExxonMobil bid to block probe

- ExxonMobil is being investigated on whether it has knowledge on link between fossil fuels and climate change
09.01.2019 Oil , Energy Security , Americas

Chevron gets approval for project in UK's North Sea

- Approval will allow Chevron to boost production via polymer injection tech. to help economic recovery from Captain field
12.12.2018 Oil , Energy Projects , Europe , Americas

'Yellow vest' protests spread to Netherlands

- Protests which started in France spill over to Netherlands, Belgium
03.12.2018 Regulation , Oil , Europe , General

Tiny Pacific nation plans to sue oil majors for climate

- Vanuatu official says energy revenues should be used to avoid impact of climate change in developing countries
30.11.2018 Oil , Asia

Turkey’s energy watchdog imposes $1.2 million fine

- EMRA publically notifies 41 fuel stations failed to submit their required official product source details in 2017
12.01.2018 Oil , Türkiye

Turkey's EMRA ups max-limit of gas distribution regions

- Mergers and acquisitions in Turkey's natural gas distribution sector are likely: Head of Turkey's energy watchdog
23.06.2017 Regulation , Oil , Natural Gas

Border tax would make US less competitive: Chevron CEO

- 'I want to see the U.S. competitive, not burdening imports,' Watson says
11.03.2017 Regulation , Oil , Energy Diplomacy , International Relations

Volkswagen pleads guilty in emissions scandal

- Firm crowned largest automaker of 2016 despite paying billions of dollars in fines
10.03.2017 Regulation , Oil

US border tax would hurt both economies: Canadian PM

- 'Anything that creates impediments on the border is something that we are concerned with,' Trudeau says
10.03.2017 Finance , Regulation , Projects , Oil , Energy Diplomacy , International Relations

US indicts 6 Volkswagen employees in emission scandal

- Company agrees to $4.3B in penalties
11.01.2017 Regulation , Oil

Turkish gasoline and diesel prices rise in June

- Turkey's gasoline and diesel prices see monthly rise in June 2016, according to Energy Watchdog
26.07.2016 Regulation , Oil

Turkey's energy watchdog fines oil fuel firms TL10m

- Smuggled oil, hacked automation machines, mixing of fuels, and absence of supervision discovered during EMRA's inspections
23.06.2016 Regulation , Oil

Moody's confirms Socar's rating with negative outlook

- The rating agency warns Socar's rating may be lowered in future if Azerbaijan's sovereign rating is downgraded
05.05.2016 Oil , Finance , Regulation , Invesments , Oil

Daimler launches internal probe on emissions on US cars

- Investigation follows request by Justice Dept.
22.04.2016 Regulation , Oil
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