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With a Limited Rise, TEPE Still Lower than it was Last Year TEPE had a value of -5.5 in September 2012
Haber resmi
02/10/2012 - Viewed 1236 times

 

ANKARA - In September 2012, The TEPAV Retail Confidence Index (TEPE) increased slightly month-on-month but showed a year-on-year decrease. Business volume compared to the same period last year and the past three months improved month-on-month. Expectations on sales and orders placed with suppliers in the next three months are in decline for the last six months.

TEPE, stood in the negatives also in September. With a value of -5.5, TEPE increased month-on-month by 0.3 points but decreased year-on-year by 3.2 points.

The balance value of the expectations for the next three months stood at 4.5 in September. 43.8 percent of TEPE survey participants expect an improvement in their business activities in the next three months while 25.9 percent expect a deterioration. This implies a 5.7-point decrease compared to September 2011 and a 0.4-point decrease compared to August 2012.

In September 2012, 24.7 percent of the participants declared a year-on-year improvement in business activities whereas 41.6 percent declared deterioration. Volume of business activities, therefore increased by 10.3 points compared to August 2012 but decreased by 7.6 points compared to September 2011. This was the highest level since April 2012.

The EU-27 Retail Confidence Index had a value of -15.2 in September 2012, the lowest value in the last 39 months. The Index showed a month-on-month decrease by 1.8 points and a year-on-year decrease by 2.4 points.

Comparing the retail confidence indices for EU-27 countries and Turkey, year-on-year drops were observed in all EU countries but the UK, Sweden, Latvia, Southern Cyprus, Czech Republic and Bulgaria. The sharpest drops were observed in Finland, Italy, Lithuania and Germany while Greece and France suffered the sharpest month-on-month decline.

Food, beverages and tobacco products sector was the only sector in rise year-on-year. The “others” sector (gas station, pharmacy, perfumery, hardware, glassware, stationery etc.) declined at a rate lower than the average while textile, readymade clothing and footwear; motor vehicles; non-specialized stores; and furniture, lighting and household articles sector declined at a rate higher than the average. The sharpest year-on-year drop in September 2012 was observed in the electrical appliances, radio, and television sector.

Question-based assessment of TEPE survey results reveal that expectations for sales and orders placed with suppliers in the next three months decreased substantially compared to September 2011 and slightly compared to August 2012. On the other hand, level of business activities compared to the past 3 months and last year enhanced significantly compared to September 2011 but decreased steeply compared to September 2011. Expectations for total employment in the next three months improved both year-on-year and month-on-month.

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