RTTNews - Monday, a report by the Turkish Statistical Office or the Turkstat showed that the turnover in the trade and service sector dropped 9% year-on-year in the first quarter. Compared to the fourth quarter, the turnover was down 21.3%.
Employment in the sector was down 2.1% annually in the first quarter, after rising 4.5% in the same period last year. Hours worked declined 3.9%, following an increase of 2% in the first quarter last year. Gross wages and salaries rose 6.8% annually in the first quarter compared to a 13.3% growth in the previous year.
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