90th issue of TEPAV Retail Confidence Index has been published.

TEPE, which reached to -6.9 points during the first half of 2016, decreased to the level of -16.8 points in the first half of 2017. Index that slightly increased by 1.0 point compared to the previous month, decreased by 2.9 points compared to the same month last year. The yearly decrease in TEPE is attributed to the y-o-y decrease in the level of business activity in the last 3 months and sales expectations for the coming 3 months. “Other (gas station, pharmacy, perfumery, hardware, glassware, stationary etc.)” sector scored the highest y-o-y increase in retail confidence in June. Furthermore, when compared to the EU-28 and Eurozone, Turkey saw a declining performance with respect to last year.

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