TEPE Achieves The Positive Zone For The First Time TEPE increased by 5.7 and 8.3 points compared to the month before and August 2009, respectively.
ANKARA- TEPE, for the first time since May 2008, achieved the positive zone and reached 3.2 as of August 2010. TEPE increased by 5.7 and 8.3 points compared to the month before and August 2009, respectively.
Expectations for the next 3 months continued to ameliorate also in August 2010. 45.1 percent of TEPE participants expect an improvement in business activities over the next 3 months while 26.6 percent expects deterioration. This implies an increase by 15.5 percent compared to July 2010 and by 12ç8 percent compared to August 2009.
The difference between the participants who declared an improvement in business activities and who declared a deterioration in business activities compared to the same period in the year before increased by 26.9% compared to August 2009 and by 9.4 percent compared to July 2010. The indicator, which tended to ameliorate as of February 2010, happened to increase over six successive months.
TEPE, surpassing the EU-26 average for the first time in July 2010, stood above the EU-27 average also in August 2010. On the other hand, EU-27 average, who broke to the positive zone lastly in April 2010, re-achieved positive values in August 2010 with 1.7. As a result, EU-27 average maintained a 7.1 and 4.4 point increase compared to August 2009 and July 2010, respectively.
Considering the sub-sectors, it is seen that in August 2010 electrical household appliances, non-specialized stores, textiles and ready made clothing and furniture and lighting equipments n.e.c. sectors demonstrated a better performance. Survey results also reveal that the downward trend in motor vehicles sector that appeared in June 2010 remains intact compared to the same period in the year before.
The improvement in expectations for the next months and the orders from suppliers continued in August 2010. Also, the amelioration in employment expectations and business activities in comparison with the year before holds since June 2010.
