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Turkey's trade sales volume index fell 5.6% year-on-year in September 2026 while the retail sales volume index rose 7.7% over the same period, according to data released by the Turkish Statistical Institute (TÜİK). The divergence points to weakening activity in wholesale and non-retail trade channels even as household-facing retail demand held up. The figures matter as a signal on the composition of domestic demand heading into the fourth quarter. Investors will watch subsequent TÜİK releases and any revision to the series for confirmation of whether the retail resilience persists alongside the broader trade contraction.

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TUIK, Turkey