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.
Turkey will not extradite any terror suspects to the US if Washington continues to refuse to hand over Fethullah Gulen, President Recep Tayyip Erdogan said on January 11. Ankara blames the ... more
The Turkish central bank reported on December 7 that its gross forex reserves last week experienced a record drop, declining to $89.85bn on December 1 from $96.35bn a week earlier. ... more
EU governments have agreed with the European Parliament to withdraw €105mn that would have gone to help finance political ... more