TEPAV Retail Confidence Index 2017 #92

Abstract

TEPE was -18.7 points in August 2017. The Index saw an increase by 0.5 point compared to the previous month and a decrease by 10.1 points compared to the same month last year. The yearly decrease in TEPE is attributed to the y-o-y decrease in the level of business activities in the last 3 months as well as the sales expectations for the coming 3 months. “Electrical appliances, radio and televisions” sector, which recorded the highest y-o-y decline in July, was the only sector that saw an increase in retail confidence in August. Furthermore, when compared to the EU-28 and Eurozone, Turkey witnessed declining performance with respect to last year