Retail

Turkiye's confidence index in retail trade down in July

25 Jul '23

1 min read

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Insights

Turkiye's retail trade confidence index fell by 2.6 per cent from 117.7 in June to 114.7 in July.
Although the business activity-sales index for the past three months increased by 1.3 per cent, the current volume of stock index dropped by 3.2 per cent.
Notably, expectations for business activity-sales over the next three months plummeted by 6 per cent.

Turkiye’s seasonally adjusted confidence index in retail trade dropped from 117.7 in June to 114.7 in July, which represented a percentage change of -2.6 per cent compared to the 0.9 per cent growth seen in June, according to the Turkish Statistical Institute.

The business activity-sales over the past 3 months index experienced a slight increase, from 127.2 in June to 128.8 in July, denoting a 1.3 per cent growth, a contrast to the 0.6 per cent decline observed the previous month. The current volume of stock index showed a negative trend, decreasing from 98.4 in June to 95.3 in July, a -3.2 per cent change, compared to the 1.6 per cent rise in June.

Finally, the business activity-sales expectations over the next 3 months index experienced a significant decrease, falling from 127.7 in June to 120 in July, a -6 per cent change, contrary to the 2 per cent growth experienced in the previous month.

Fibre2Fashion News Desk (KD)

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