Retail

Confidence index falls 0.4% MoM in Turkish retail trade sector in Aug

28 Aug '23

1 min read

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Insights

Seasonally-adjusted confidence index fell by 0.4 per cent in Turkish retail trade sector in August over the July figure.
The sub-index for current stock volume fell by 0.1 per cent MoM.
The sub-indices for business activity-sales over the past three months and expectation of the same for the next three months fell by 3.3 per cent and 2.6 per cent MoM respectively.

Turkiye’s seasonally-adjusted confidence indices decreased by 1.7 per cent in the services sector and by 0.4 per cent in the retail trade sector in August compared to July figures, according to official statistics.

Confidence indices can take value between 0 and 200. It indicates an optimistic outlook when the index is above 100, but pessimistic when below 100.

Under the retail trade category, the sub-index for current stock volume fell by 0.1 per cent MoM in August. The sub-indices for business activity-sales over the past three months and business activity-sales expectation for the next three months dropped by 3.3 per cent and 2.6 per cent MoM respectively during the month.

Under the services category, the sub-index for business situation for the past three months fell by 1.2 per cent month over month (MoM) in August. The sub-indices for demand turnover over the past three months and demand turnover expectation for the next three months dropped by 2.7 per cent and 1.2 per cent MoM respectively during the month.

Fibre2Fashion News Desk (DS)

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