TEPAV Retail Confidence Index - March 2017

Abstract

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.