TEPE, which ensured an upwards trend since January 2010 and reached the highest level so far in April-2010, decreased by 6.6 points compared to the April 2010. On the other hand, TEPE recovered by 2.6 points compared to May 2009.

Prospective expectations that also tended to recover since January 2010 and contributed significantly to the improvement in TEPE appear to have deteriorated in May. 34.7 percent of survey participants in May 2010 expect an improvement in their business activities over the three months ahead while 37.9 expect deterioration in their business activities. This implies a deterioration by 20.9 points compared to April 2010.

Considering the performance of sub-sector, it is seen that for May 2010 pace of recovery is higher in motor vehicles, textile and ready-made clothing, and food, beverages, and tobacco products sectors compared to other sub-sectors. Survey results also reveal that furniture and electrical household appliances sectors recorded decreases of 4.21 and 15.25 percent, respectively compared to the same period in the year before.

A comprehensive analysis of TEPE questions reveals that change in sales and the course of expectations in May 2010 are different than those in previous periods. Both indicators ensured an improvement compared to the same period in the year before. However, in comparison with April 2010 it can be concluded that the recovery trend in sales prevail while the expectations for the sales over the three months ahead. Expectations for employment do not demonstrate a recovery yet. It should be underlined that the downward trend that appeared in April 2010 prevails as well in May 2010.