Jobs
Properties
Automarket
Databank
EasyBanking
Search
Categories
Companies
People
Sectors
Topics
Business
Events
Conferences
Local trade exhibitions
International trade exhibitions
Professional
Training
Executive training
Trade
Missions
Incoming
Outgoing
Weekly
Newsletter
View latest issue
Subscribe
Update my subscription
Unsubscribe
SUBMIT INFO
News
Conferences
Exhibitions
Tenders
Training
Missions
Search
Categories
Financial
Markets
Business
Events
Trade
Missions
Business
Research
Calculation
Tools
Weekly
Newsletter
SUBMIT INFO
CHAMPION OF THE DAY
LEADERS NEWS
BTA-BankMed index shows drop in turnover
Wholesalers still willing to invest
BTA-BankMed index shows drop in turnover
Wholesalers still willing to invest
The Beirut Traders Association (BTA) -BankMed Investment Index indicated that the turnover component of the index slipped during the fourth quarter of 2013.
The index, launched in October 2013, is a tool to evaluate the overall situation of the commercial sector, mainly assessing the reality of the wholesale sector. It is backed by the technical support of the Central Administration of Statistics (CAS).
The index consists of two components: The ‘Turnover Component’, which evaluates the amount of sales during the quarter under study in comparison with the same quarter of the previous year, as well as the preceding quarter of the same year. The Turnover Component evaluates the activity of wholesalers.
This component recorded an 9.78 percent drop in activity in comparison with the same quarter of 2012. This decline was attributed to the undermined purchasing power of consumers. It was also due to the absence of visitors, especially from the Gulf.
This has led to a contraction in retailers’ sales, causing an accumulation of their stock, and consequently resulting in a decrease in retailers’ orders from wholesalers.
This drop weighed on sectors such as perfume and cosmetics which fell 20 percent, as well as electrical generators, which recorded a decrease of 33 percent.
The second component examined by the index is the ‘Intention to Invest’. It assesses whosaler short-term investment appetite.
In spite of the decline in some sectors, there is still intention to increase investment in the near future, especially in household electrical equipment, computer parts, food products, consumer goods, and pharmaceuticals.
Only three sectors are considering reducing their investment: Perfumes and cosmetics, clothes and textile, and electrical and electronics sectors.
Reported by Rana Freifer
Your browser does not support iframes.
Date Posted:
Mar 11, 2014
Your browser does not support inline frames
ABOUT
ADVERTISE
SUBMIT INFO
RSS
CONTACT US
©
2021 by InfoPro sal. All Rights Reserved