102th issue of TEPAV Retail Confidence Index has been published.

TEPE, which reached to -17.6 points during the first half of 2017, increased to the level of -13.2 points in the first half of 2018. The Index experienced an increase by 2.4 points compared to the previous month and by 2.3 points compared to the same month of last year.  The increase of y-o-y basis in TEPE is attributed to the increase witnessed in business activities in the last 3 months and the level of sales expectations for the coming 3 months. Expectations of orders, sales and employment in the coming 3 months have increased when compared to both June 2017 and May 2018. “Furniture, lighting equipment and household articles” sector has scored the highest y-o-y increase in retail confidence in June. Furthermore, when compared to the EU-28 and Eurozone, Turkey has performed better with respect to that of last year.

Retail confidence has increased compared to last month and last year

TEPE, with -13.3 points in June  2018, saw an increase of 2.3 points when compared to the same month of last year and 2.4 points when compared to the last month. The increase of y-o-y basis in TEPE is attributed to the increase witnessed in business activities in the last 3 months and the level of sales expectations for the coming 3 months.

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