Monthly survey on retail trade 2023Feb

Published on 21 March 2023

Turnover in retail trade dropped slightly in February

Note: The trend in retail sales does not reflect that of total household consumption: the latter includes other items such as health care, education and rents.


In February, turnover in retail trade (in volume terms, adjusted for seasonal and working-day variations) decreased slightly by 0.4% compared to January, when they had risen by 0.6%. Sales of manufactured goods were almost stable, inching up by 0.2% (after climbing by 1.0%) on average, but developments varied across the sub-sector, while remaining contained. Sales of bicycles and motorbikes, which rose by 2.5% after shedding 3.5%, and textiles-clothing, which increased by 2.4% after dropping by 4.4%, and new cars, which grew by 2.4% after climbing by 5.5%, were up. Conversely, furniture, which fell by 3.0% after dropping by 2.0%, and car equipment, which decreased by 3.0% after slipping by 0.7%, were down. The general dynamics is above all driven by food sales, which continued to decline, posting a 1.7% fall after a 1.2% drop in January.

In terms of distribution channels, sales of large retailers declined overall month-on-month, with supermarket sales down by 2.2%, and hypermarket sales falling by 1.1%. Sales of small retailers, which were up by 0.2%, and department store sales, which shed 0.1%, were relatively stable.

Quarter-on-quarter, overall retail sales hardly varied, slipping by 0.1%, with food sales declining by 1.7% and sales of manufactured goods edging up by 0.9%.
Total manufactured goods and food sales: M/M-1 change (%)
Month-on-month change; seasonally and working-day adjusted volume terms
Notes :
1) Sectors are classified according to the relative weight of the products included in the total aggregate of retail trade (weights are given on the right scale)
2) 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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