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Turnover and volume of sales

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National Reference Metadata in Euro SDMX Metadata Structure (ESMS)

Compiling agency: Turkish Statistical Institute (TurkStat)

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Retail Sales Indices: Retail Sales Indices measure sales of retail trade enterprises of different types and sizes on a monthly basis. In addition to measuring the development of retail trade sector the index is also considered as an indicator of consumer confidence and household demand. For this reason, it is accepted as one of the most important indicators to monitor the economic condition. Indices are produced as both value (current prices) and volume (constant prices) terms.

The Retail Sales Index is a volume index. The index measures the output change of the “Section 47-Retail Trade (excluding Motor Vehicles and Motorcycles)” sector according to the NACE Rev.2 activity classification.

Trade Turnover Index: The trade turnover index aims to show the development of turnover in trade sector which includes 45, 46 and 47 sectors.

Trade Sales Volume Index: The trade sales volume index measures the sales volumes of enterprises of different types and sizes operating in the trade sector on monthly basis. 

All the enterprises which give SCT and VAT no.1 declarations to the Revenue Administration are included in the index calculation.

28 May 2025

Retail Trade Turnover:  Turnover comprises the total value of goods and services invoiced by enterprise in reference month and this corresponds to market sales of goods and services supplied to third parties. Turnover includes invoiced by unit vis-a-vis its customer other all taxes and duties. Turnover also includes all other charges (transport, packaging, etc.) passed on to the customer, even if these charges are listed separately in the invoice.

Turnover does not include price decline, discount and allowance, recycling package. The income which is classified in the company’s account as other business income, financial income and extraordinary income are excluded in turnover. Business subventions obtained from the government are also excluded.

Calculation of volume index: Indices measuring retail sales are produced as both value (current prices) and volume (constant prices) terms. As volume measurement is adjusted from price effects.

In calculation of Retail Sales Indices at current prices are deflated by price relatives. CPI indices and average price data are used for this deflation process. For this purpose, CPI results produced at "Classification of Individual Consumption According to Purpose (COICOP)" level are calculated according to NACE Rev.2 level. The COICOP NACE transformation is achieved by using the results of the "Annual Turnover Survey By Products”.

As a result of deflating current price Turnover Index by price relatives at appropriate levels, Retail Sales Volume Index with constant prices is reached. 

Trade Turnover index: Turnover comprises the total value of goods and services invoiced by enterprise in reference month and this corresponds to market sales of goods and services supplied to third parties. Turnover includes invoiced by unit vis-a-vis its customer other all taxes and duties. Turnover also includes all other charges (transport, packaging, etc.) passed on to the customer, even if these charges are listed separately in the invoice.

Turnover does not include price decline, discount and allowance, recycling package. The income which is classified in the company’s account as other business income, financial income and extraordinary income are excluded in turnover. Business subventions obtained from the government are also excluded.

Trade sales volume index: The trade sales volume index measures the sales volumes of enterprises of different types and sizes operating in the trade sector on monthly basis. The retail sales volume index is considered as an indicator of consumer confidence and household demand. Indices are produced in volume (at fixed prices).

Kind of activity unit.

Enterprises which issue SCT (Special Consumption Tax) and VAT (Value Added Tax) no.1 declerations.

Türkiye

Monthly.

Errors may be encountered due to incorrect coding of the activity at the source. Activity checks are made and enterprises that are found to have different activities from the activity specified in  the source data are identified.

At the same time, enterprises whose turnover is incompatible with the series are questioned and their reasons are tried to be determined.

Indices and percentage changes.

Index type: A simple index method is used in which the totals at each level are calculated by proportioning the base year average of the relevant level.


Index calculation:To calculate the trade sales volume index at fixed prices, turnover indices are adjusted for price changes.


Using the results of the "Annual Turnover Survey by Products", the product structure of each sector is determined and deflators for these sectors are calculated with appropriate price data. Turnover values at four digit activity level are adjusted for price changes using these deflators. Thus, the trade sales volume index is obtained at fixed prices.


The following price indices are used to deflate the turnover of the Section 45- Wholesale and retail trade and repair sector of motor vehicles and motorcycles;

  • consumer price index
  • domestic producer price index
  • non-domestic producer price index

The following price indices are used to deflate the turnover of the Section 46- Wholesale trade, except of motor vehicles and motorcycles;

  • consumer price index
  • domestic producer price index
  • non-domestic producer price index
  • agricultural products producer price index

Consumer Price Indices and average price data are used to deflate the turnover of the Section 47- Retail trade, except of motor vehicles and motorcycles sector. For this purpose, CPI results produced at "Classification of Individual Consumption According to Purpose (COICOP)" level are calculated according to NACE Rev.2 level. The COICOP NACE transformation is achieved by using the results of the "Annual Turnover Survey By Products”.


In calculating retail sales volume index; since CPI is compiled as VAT included, the Turnover Indices are also calculated in VAT included form before deflation process. Thus, the possible changes in the VAT rates do not affect the volume measure.

Data source is administrative records.

SCT and VAT no.1 declarations received monthly from the Revenue Administration are used.

Data is taken from the revenue administration via File Transfer Protocol (FTP). Afterwards, validations  are done and the data is transferred to the database by the relevant IT unit . 

Monthly.

42 days. Results are published in an average of 42 days from the reference month.

Timetable of data collection: SCT and VAT no.1 declarations are compiled monthly from the Revenue Administration on the 1-5th day of the month.

Indices are comparable with EU and other countries. Methodological studies are done with close cooperation between Eurostat.

The same statistical definitions are applied in the entire Turkish national territory.

It is produced and disseminated at average t+42 days. Retail Sales Indices are available from 2010, trade turnover index is available from 2009 and trade sales volume index is available from 2010. There are no breaks in the series.