TEPAV Retail Confidence Index - February 2017

Abstract

TEPE which was following a negative course since February 2016, continued its decline through the last 13 months as well. TEPE declined both month-on-month and year-on-year basis in February 2017. With regards, the developments regarding the last 3 months’ business activity as well as the decrease in expected sales for the coming 3 months played a role in the continuance of this negative course. All indicators on expectations have also declined both y-o-y and m-o-m basis. While retail confidence followed the same negative course in all sectors since November 2016, among them, ‘Electrical appliances, radio and televisions” sector scored the highest year-on-year decline. Furthermore, when compared to the EU-28 and Eurozone in terms of both month-on-month and year-on-year change, Turkey saw a decline in performance from last year.