97th issue of TEPAV Retail Confidence Index has been published.

TEPE, which had been -17.1 points in 2017, was -15.1 points in January  2018. The Index saw a decrease by 1.4 points compared to the previous month and an increase by 0.8 points compared to the same month of last year. The monthly decrease is attributed to the m-o-m decrease in the level of sales expectations for the coming 3 months. Expectations of orders, sales and employment in the coming 3 months have declined when compared to January 2017 and December 2017. “Furniture, lighting equipment and household articles” sector scored the highest y-o-y increase in retail confidence in January. Furthermore, when compared to the EU-28 and Eurozone, Turkey experienced a declining performance with respect to last year.

Retail confidence has declined compared to last month

TEPE, with -15.1 points in January 2018, saw an increase of 0.8 points when compared to the same month of last year and a decrease of 1.4 points when compared to the same month of last year. While the limited yearly increase in TEPE is attributed to the increase witnessed in business activities in the last 3 months despite the m-o-m decrease in the level of sales expectations for the coming 3 months; the 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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