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Consumer spending has declined by 20% since August

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In October, total spending via bank and credit cards in Turkey reached 1.254 trillion TL, with the largest spending category being supermarkets and shopping centers at 227.6 billion TL. Online transactions made up 28% of the total spending.

The highest spending categories after supermarkets and shopping centers were “other” (94.9 billion TL) and food (89.4 billion TL). Spending on healthcare and cosmetics reached 45.5 billion TL, while fuel spending totaled 74.6 billion TL.

The most significant decreases were seen in education and office supplies (52%), accommodation (50%), and travel agencies (39%).

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