Recovering From a Steep Decline in February Through Improved Expectations, TEPE is Still at Negative 87th issue of TEPAV Retail Confidence Index has been published.
TEPE, negative since February 2016, continued on negative course for the third month of this year. Recovering the decline in February, it reached its October-January average of -15,8 in March. Improvement in the expected sales for the upcoming 3 months with respect to February played a role in the recovery of retail confidence index. Retail confidence increased in the “other” (gas station, pharmacy, perfumery, hardware, glassware, stationary etc.), and “non-specialized stores” sectors. Furthermore, when compared to the EU-28 and Eurozone, Turkey saw a decline in performance from last year.
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