TEPAV Retail Confidence Index 2017 #94

Abstract

TEPE was -16.6 points in October 2017. The Index saw an increase by 2.1 points compared to the previous month and by 0.3 points compared to the same month of last year. As a result, for the first time since September 2016, TEPE has reached October 2016 (-16.9) in October 2017 with regards to annual change. The limited yearly increase in TEPE is attributed to the y-o-y decrease in the level of business activity in the last 3 months. “Furniture, lighting equipment and household articles” sector scored the highest y-o-y increase in retail confidence in October. Furthermore, when compared to the EU-28 and Eurozone, Turkey witnessed a declining performance with respect to last year.