Newly released market study: Turkey Retail Report Q4 2015

From: Fast Market Research, Inc.
Published: Tue Sep 08 2015

Turkey has been struggling to live up to its status as a major emerging global market in the past two years . However, its retail market is set to recover and return to a growth trajectory as new legislation, recovery of the country's main trade partners and growth of household income will expand growth opportunities in the highly promising Turkish retail sector.

The Turkish economy has underperformed in the last two years. The growth of the country's real GDP slowed to 2.9% in 2014 and is forecast to fall to 2.8% this year. With these growth rates Turkey is facing problems more characteristic to mature EU economies rather than the world's most promising emerging retail markets. Unemployment rate in Turkey reached its four-year high in 2015 and is forecast to average 11.0% throughout 2015. The economy, which was booming in 2010-2011, is correcting itself. Some of the jobs that were created during the economic expansion, such as in the construction sector, are no longer needed, which has resulted in mismatches between labour supply and demand. Unemployment is particularly problematic among young people: youth (15-24 years) unemployment reached 17.0% mark in July 2015 suggesting about structural problems in the Turkish labour infrastructure and career guidance. High unemployment and more modest economic growth than expected are going to result in a weaker growth in household income. Turkish households will see an average annual 4.6% growth rate throughout 2016-2019.

Full Report Details at

The Turkey Retail Report has been researched at source and features BMI Research's independent assessment and forecasts for the retail sector. The report examines key drivers of retail sales growth and future prospects, including consumer spending and private sector investment.

BMI's Turkey Retail Report also examines the level of development and potential for growth of the retail sector, the commercial initiatives of major players, changing consumer demographics that influence demand and the regulatory environment. Key sub-sectors include mass grocery retail, autos, over-the-counter pharmaceuticals, computers and consumer electronics.

Key Benefits

* Benchmark BMI's independent retail industry forecasts for Turkey to test other views - a key input for successful budgeting and strategic business planning in the Turkish retail market.
* Target business opportunities and risks in Turkey through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.


BMI Industry View

Summary of BMI’s key forecasts and industry analysis, plus a discussion of major industry developments and a snapshot of key short-term demand-driving macroeconomic movements.

Industry SWOT Analysis

About Fast Market Research

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You may also be interested in these related reports:

- Malaysia Retail Report Q4 2015
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- Hong Kong Retail Report Q4 2015

Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
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Contact Phone: 1-413-485-7001

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