Turkiye's retail trade confidence index rises in August 2024

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.

ALCHEMPro News Desk (DP)