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Achieving positive values since August 2010, TEPE went to the negative zone in November and stood at -2.7.
ANKARA - Achieving positive values since August 2010, TEPE went to the negative zone in November and stood at -2.7. TEPE dropped by 3.8 points month-on-month and increased by 7.2 points year-on-year.
In November 2010 expectations for the next 3 months decreased by 3.9 points month-on-month. 28 percent of TEPE survey participants expect recovery in their business activities while 33.7 percent expect deterioration in business activities. This implies a 9.2 points of recovery compared to November 2009.
The difference between the participants who declared an improvement in business activities and who declared a deterioration in business activities compared to the same period in the year before increased by 31.9 points year-on-year and by 7.0 points compared to October 2010.
TEPE stood below the EU27 average in November 2010. EU27 Retail Index was recorded at 1.2 in November 2010 which implied 6.4 points of increase year-on-year.
Analysis of the performance of sub-sectors indicates that in November 2010, furniture, lighting equipments n.e.c., motor vehicles and non-specialized stores demonstrated a successful performance. On the other hand food, beverages and tobacco products, ready-made clothing and other sectors performed relatively worse. Electrical household articles, radio and television sectors demonstrated a drop compared to the year before.
Detailed results of the TEPE survey for particular questions reveal that in November 2010, business activities, orders placed with suppliers, expectations for sales over the next three months, employment expectations, expectation for the prices over the next period and expectations for the number of stores over the next period worsened. On the other hand, it is observed that business activities recovered in comparison with the year before and that the current level of inventory is below normal.
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