Recovery signals for TEPE: TEPE improved by 15.5 points in February 2010 compared with February 2009

ANKARA- TEPAV Retail Confidence Indicator (TEPE) Febuary 2010 results were announced. TEPE increased by 15.5 points in February 2010 compared with February 2009. Nonetheless, the index still moves at the negative zone.

11.8 percent of the survey participants in February 2010 indicated that their business activities improved compared to February 2009 while 64.9 percent of the participants declared a deterioration in business activities.

The recovery appears more significant in prospective expectations. 30.4 percent of the survey participants in February 2010 expect an increase in their business activities over the next three months and 34.9 percent expect their business activities to deteriorate over the same period. This indicates 23.1 points of increase in comparison with February 2009.

Rise in the TEPE from February 2009 to February 2010 was above the average in electric household appliances, ready-made clothing, and motor vehicles sectors and below the average in furniture, and illumination sectors and in large stores.