Monthly survey on retail trade 2022Dec

Turnover in retail trade at the end of December 2022

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 December, turnover in retail trade (in volume terms, adjusted for seasonal and working-day variations) increased slightly by 0.5% compared to November, when it had risen by 0.7%. Sales of manufactured goods increased by the same amount, up 0.5% compared to November, after rising by 1.1%, but with significant differences across the sub-sectors. Sales of footwear, which put on 7.3% after 3.3%, and of textiles and clothing that climbed by 5.4% after 0.3%, were particularly strong, while the consumer electronics sector contracted sharply by 14.3% in December, after a 6.4% increase in November due to the football world cup (the quarter-on-quarter decline was moderate at 2.0%). New car sales fell in December by 5.0%, after rising by 0.6%. Food sales posted slightly better growth, up 1.6% after a drop of 2.0%.

In term of distribution channels, department store sales increased by 2.2% after sliding 4.1%, while hypermarkets fell by 3.2% after inching up 0.7% and small retailers lost 1.2% after a 4.6% rise.

In the 4th quarter as a whole, retail sales were down overall by 1.0%, in particular food sales which fell by 2.7%, while those of manufactured goods only dropped by 0.6%.

For 2022 as a whole, retail sales shrank by 1.8% compared to 2021, driven by a significant decline in food sales, which fell by 5.7%, while sales of manufactured goods rose slightly by 1.2%.

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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Monthly survey on retail trade
  • Published on 01/20/2023
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Published on Friday, January 20, 2023