TEPAV Retail Confidence Index - April 2018

Abstract

The retail confidence, which was following a negative course since February 2016 (the last 28 months), scored -16.4 in May. This level was lower than the previous month by 0.3 points and lower than the same period of the last year by 1.5 points. The decrease of y-o-y basis in TEPE is attributed to the decrease witnessed in business activities in the last 3 months and the level of sales expectations for the coming 3 months. Expectations of sales and employment in the coming 3 months have decreased when compared to both May 2017 and April 2018. “Furniture, lighting equipment and household articles” sector has scored the highest y-o-y increase in retail confidence in May. Furthermore, when compared to the EU-28 and Eurozone, Turkey has performed worse with respect to that of last year.