Retail

Turkiye's retail confidence index declines by 1.5% in July

28 Jul '24

1 min read

Turkiye's retail confidence index declines by 1.5% in July

Pic: EdNurg - stock.adobe.com

Insights

In July, Turkiye's seasonally adjusted confidence index for the retail trade sector fell by 1.5 per cent, from 108.8 in June to 107.1.
Business activity-sales over the past three months dropped sharply, the current volume of stock index increased and business activity-sales expectation over the next three months showed a slight improvement.

In July 2024, Turkiye’s seasonally adjusted confidence index for the retail trade sector experienced a notable decrease of 1.5 per cent, dropping from 108.8 in June to 107.1. This decline highlights growing concerns within the retail industry about future business conditions.

The business activity-sales over the past three months have significantly impacted the overall retail confidence. This specific measure fell sharply by 6.2 per cent, from 123.7 in June to 116.0 in July, indicating a considerable slowdown in sales activity, Turkish Statistical Institute Turkstat.

Conversely, the current volume of stock index in the retail sector increased by 2.8 per cent, rising from 89.1 in June to 91.6 in July.

Looking ahead, the business activity-sales expectation over the next three months index showed a marginal improvement, increasing by 0.2 per cent from 113.5 in June to 113.7 in July. This slight uptick indicates a cautiously optimistic outlook among retailers regarding future sales.

Fibre2Fashion News Desk (KD)

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