TEPAV Retail Confidence Index -February 2018

Abstract

TEPE, which had been -17.1 points in 2017, was -15.1 points in January1 2018. The Index saw a decrease by 1.4 points compared to the previous month and an increase by 0.8 points compared to the same month of last year. The monthly decrease is attributed to the m-o-m decrease in the level of sales expectations for the coming 3 months. Expectations of orders, sales and employment in the coming 3 months have declined when compared to January 2017 and December 2017. “Furniture, lighting equipment and household articles” sector scored the highest y-o-y increase in retail confidence in January. Furthermore, when compared to the EU-28 and Eurozone, Turkey experienced a declining performance with respect to last year.