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Retailers Lose Hope by the End of January 2012 The TEPE fell sharply in January 2012 to -1.7.
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02/02/2012 - Viewed 1456 times

 

ANKARA - In January 2012, the TEPE decreased by 9.2 points year-on-year. Non-adjusted serieses of TEPE hit the lowest value since December 2010. Expectations for orders placed with suppliers and for sales volume in the next three months have deteriorated. Sales volume decreased year-on-year and compared to the previous three months. Turkey, however, continued to outperform the EU and preserved the gap.

Having welcomed 2012 after the strong performance in December 2011, the TEPE fell sharply in January 2012 to -1.7. This implies a month-on-month and year-on-year decrease by 6.4 points and 9.2 points, respectively.

The balance value of the expectations for the next three months stood at 13.1 in January 2012. 30.9 percent of TEPE survey participants expect an improvement in their business activities in the next three months while 29.3 percent expect a deterioration. This implies a 10.5 point decrease compared to January 2011 and a 10.1 point increase compared to December 2011.

In January 2012, the level of business activities compared to the previous year stood at the lowest of the last twelve months. 17.7 percent of the participants declared a year-on-year improvement in business activities whereas 51.1 percent declared deterioration. Volume of business activities therefore decreased by 16.1 points compared to January 201 and by 6.3 points compared to December 2011.

In January 2012, EU-27 Retail Confidence Index stood at -14, demonstrating a month-on-month decrease by 2.7 points and a year-on-year by 17 points. Turkey which has been outperforming the EU since the beginning of 2011 preserved the gap in January 2012.

Concerning sub-sectors, only two sectors showed an improvement, if slightly, in performance in January 2012: foods, beverages, and tobacco products sector (by 0.5 points), and textiles, ready-made clothing and footwear sector (by 0.4 points). Non-specialized stores sector dropped year-on-year, but less severely than the average. Electrical appliances, radio, and televisions sector, “the others” (gas station, pharmacy, perfumery, hardware, glassware, stationery etc.), and furniture and lighting equipment sectors performed remarkably badly compared to the previous year whereas the largest fall in performance was witnessed in the motor vehicles sector.

Question-based assessment of TEPE survey results reveals that compared to January 2011, all figures and expectations decreased but the expectations for sales prices in the next three month and current level of inventory. The sharpest drop was observed in the level of business activities compared to the last three months and last year. Compared to December 2011, all figures and expectations deteriorated, the level of business activities compared to the last three months and expectations for sales volume in the next three months demonstrating the sharpest decline.

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