94th issue of TEPAV Retail Confidence Index has been published.

TEPE was -16.6 points in October 2017. The Index saw an increase by 2.1 points compared to the previous month and by 0.3 points compared to the same month of last year. As a result, for the first time since September 2016, TEPE has reached October 2016 (-16.9) in October 2017 with regards to annual change. The limited yearly increase in TEPE is attributed to the y-o-y decrease in the level of business activity in the last 3 months. “Furniture, lighting equipment and household articles” sector scored the highest y-o-y increase in retail confidence in October. Furthermore, when compared to the EU-28 and Eurozone, Turkey witnessed a declining performance with respect to last year.

Retail confidence has increased compared to last month

TEPE, with -16.6 points in October 2017, showed an increase of 2.1 point when compared to the previous month and 0.3 points when compared to the same month of last year. While the limited yearly increase in TEPE is attributed to the decrease witnessed in business activities in the last 3 months even though there is m-o-m increase in the level of sales expectations for the coming 3 months; the monthly increase is attributed to the m-o-m increase in the level of sales expectations for the coming 3 months.

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