TEPE Increases Year-On-Year by 11.4 Points in October TEPE, which tended downwards in October after three months of consecutive increase, demonstrated a year-on year rise by 11.4.

ANKARA - TEPE, which continues rising since July 2010 tended downwards in October 2010 and stood at 1.1.TEPE demonstrated 5.7 points of month-on-month fall and 11.4 points of year-on-year increase.

Expectations for the next three months decreased by 20.4 points compared to September 2010. 31.7 percent of TEPE survey participants expect a recovery in their business activities whereas 33.6 percent of the participants expect deterioration in business activities. This implies 11.9 points of increase compared to October 2009.

The difference between the participants who declared an improvement in business activities and who declared deterioration in business activities compared to the same period in the year before increased by 33.4 points year-on-year and dropped by 2.4 points compared to September 2010.

TEPE stood below EU-27 average in October 2010. EU-27 Retail Index was 1.6 in October 2010 implying 12.1 points of year-on-year decrease.

Examination of the sub-sectors reveals that in October 2010 food, beverages and tobacco products; motor vehicles; and non-specialized stores sectors performed successfully. On the other hand, as results demonstrate furniture, lighting equipment n.e.c.; other sectors and electrical appliances, radio and televisions sectors had relatively weaker performances.

Detailed results of TEPE survey indicate that in October 2010 employment expectations and business activities in comparison with the previous three months recovered while expectations for the orders placed with suppliers and for an increase in the number of stores next year showed a deterioration. Expectations for the next period dropped significantly. On the other hand considerable year-on-year improvement in business activities is observed.