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

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.

ALCHEMPro News Desk (KD)