In September, retail sales of industrial goods increased year-on-year
The trend in retail sales does not reflect that of total household consumption: the latter includes other items such as healthcare, education and rents.
In September,turnover in retail trade rose by 2.7% year-on-year (adjusted for seasonal and working-day variations) after putting on 1.3% in August. While food sales were almost stable year-on-year, inching up by 0.4%, those of industrial goods remained buoyant: 4.4%, after 3.6% in August. The sectors recording the strongest growth were DIY (14.7%), sports equipment (14.6%), household appliances (13.7%) and consumer electronics (13.6%). Conversely, perfumes and personal care products, and press and stationery products lost 14.4% and 5.7% respectively.
In terms of distribution channels, sales of small retailers rose by 4.7% year-on-year, while sales of large general retailers increased more moderately, by 1.3%. Among the latter, supermarkets continued to post a healthy growth of 3.2%, while department store sales remained well below pre-crisis levels, down 21.5% year-on-year. Data observed at the end of August indicate a 12.6% year-on-year growth, after 14.8% in July.
Total industrial goods and food sales: year-on-year change (%)
August and September 2020, y-o-y comparison; seasonally and working-day adjusted volume terms
- Sectors are classified according to the relative weight of the products included in the total aggregate of retail trade (see methodology)
- The aggregated and by sub-sector series are seasonally adjusted on an individual basis: the seasonally adjusted series do not represent the sum of the seasonally adjusted components.
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Monthly survey on retail trade
Published on Friday, October 16, 2020