Turkiye's retail trade confidence index rises in August 2024

29 Aug '24

1 min read

Turkiye's retail trade confidence index rises in August 2024

Pic: Adobe Stock

Insights

Turkiye's retail trade confidence index rose by 0.8 per cent in August 2024 to 107.9, recovering from a 1.5 per cent drop in July.
However, the business activity-sales index declined by 0.9 per cent to 115, following a 6.2 per cent decrease in July.
The current stock volume index also fell by 1.3 per cent.
In contrast, future sales expectations improved.

Turkiye’s seasonally adjusted retail trade confidence index saw a slight increase in August 2024, according to the Turkish Statistical Institute (Turkstat). The index rose by 0.8 per cent from July, reaching 107.9, reflecting improved sentiment in the retail sector.

In July, the retail trade confidence index was at 107.1, marking a 1.5 per cent decrease from the previous month. Despite the overall improvement in the confidence index, the business activity-sales index over the past three months showed a slight decline. The index decreased by 0.9 per cent in August, falling to 115 from 116 in July. This follows a more significant drop of 6.2 per cent in July.

The current volume of stock index also saw a decrease, falling by 1.3 per cent in August to 90.4, down from 91.6 in July. This decline contrasts with a 2.8 per cent increase in July, as per Turkstat.

In contrast, retailers are more optimistic about future sales. The business activity-sales expectation index for the next three months surged by 4 per cent in August, rising to 118.3 from 113.7 in July.

Fibre2Fashion News Desk (DP)

More Turkish Statistical Institute (TurkStat) News... More Retail News - Turkiye...