Consumer spending cooling off, hitting retailers hard
Inflatie
ISTANBUL Contraction in the retail sector that started in the second half of this year continued into September, according to the United Brands Association ( BMD ), which represents 516 companies. This was mainly due to the government’s measures aimed at bringing inflation under control. “Unit sales remained almost flat in August after falling sharply in July. But in September we experienced a very significant decline again,” said Sinan Öncel , the president of the association. Even though it
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