91th issue of TEPAV Retail Confidence Index has been published.

TEPE, which decreased to the level of -16.8 points in the first half of 2017, was -19.5 points in July 2017. Index that decreased by 3.8 point compared to the previous month and 7.9 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 July. Furthermore, when compared to the EU-28 and Eurozone, Turkey saw a declining performance with respect to last year.

Retail confidence decreased in comparison to last year

TEPE, with its -19.5 points in July 2017, showed a decline by 3.8 point when compared to the previous month and 7.9 points when compared to the same month of last year. Where 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; its monthly decrease is attributed to the m-o-m decrease in the level of sales expectations for the coming 3 months.

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