Retail

Turkiye's retail trade confidence decreases slightly in March 2024

25 Mar '24

1 min read

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Insights

In March 2024, Turkiye's retail trade confidence index fell to 113.3, marking a 1 per cent decline for the second month, as per Turkstat.
Business activity in retail decreased slightly by 0.8 per cent, while stock volumes increased by 1.1 per cent, reversing a previous decline.
The country's future sales expectations dipped by 2.8 per cent.

Turkiye's retail trade confidence index experienced a slight decrease in March 2024, dropping to 113.3 from February's 114.5, marking a consistent 1 per cent decline for two consecutive months, according to Turkish Statistical Institute (Turkstat).

Business activity and sales over the past three months witnessed a modest decrease, sliding from 132.7 to 131.6. This movement indicates a 0.8 per cent decline in March, slightly less than February's 1.1 per cent drop.

Conversely, the current volume of stock showed an unexpected turn, with an increase from 89.9 to 90.9. This change represents a 1.1 per cent rise in March, contrasting with the 2.3 per cent decline observed in February. The adjustment, as per Turkstat.

However, the outlook for business activity and sales over the next three months appears to be dampening, as evidenced by a decrease from 120.8 to 117.4. This significant 2.8 per cent reduction in expectations contrasts with the slight optimism (0.1 per cent increase) noted in February.

Fibre2Fashion News Desk (DP)

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