Business Activity Is Not Recovering, Sales Expectation Is Low 95th issue of TEPAV Retail Confidence Index has been published.

TEPE was -18.3 points in November 2017. The Index saw a decrease by 1.7 points compared to the previous month and by 0.9 points compared to the same month of last year. With this decline on an annual basis, 13 months of downward trend that paused in October has returned. Anticipation for business recovery compared to last year was -45.6 points, the lowest level witnessed in the year. “Electrical appliances, radio and televisions” sector scored the highest y-o-y increase in retail confidence in November. Furthermore, when compared to the EU-28 and Eurozone, Turkey experienced a declining performance with respect to last year.

Retail confidence has decreased both compared to last year and last month

TEPE, with -18.3 points in November 2017, saw a decrease of 1.7 points when compared to the previous month and 0.9 points when compared to the same month of last year. While the yearly decrease in TEPE is attributed to the y-o-y decrease in the level of business activity in the last 3 months and sales expectations for the coming 3 months; the monthly decrease is attributed to the m-o-m decrease in the level of sales expectations for the coming 3 months.

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