TEPAV’s seasonally adjusted retail sector confidence index increased by two points m/m to minus 2 in March but the index value did not change compared to the same month of 2012. The index value was minus 2.8 in January. Expectations for the level of business activities compared to the previous three months and the year before, as well as those for orders, sales volume and sales prices in the next three months picked up, TEPAV said. Expectations for the sales volume in the next three months recorded the highest level in the last 15 month period. Last month, the retail industry confidence index rose 7.1% m/m as retailers’ trade volume/sales expectations for the next three months improved, a survey by the statistics institute showed.
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