Turnover in retail trade picked up slightly in January
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 January, turnover in retail trade (in volume terms, adjusted for seasonal and working-day variations) grew slightly by 0.5% compared to December, when it had risen by 0.4%. Sales of manufactured goods increased by 0.9% (after rising by 0.9%), but with varying developments across the sub-sectors. Sales of textiles-clothing, which dropped by 4.5% after putting on 5.0%, and of footwear, which fell by 4.3% after 7.2%, were down after the strong increases recorded in December. Conversely, sales of consumer electronics, which grew by 9.7% after falling by 14.1% and of new cars, which rose by 4.7% after slipping by 1.7%, were particularly strong. Food sales decreased by 1.2% after a 1.7% increase.
In terms of distribution channels, hypermarket sales grew by 3.5% month-on-month, while supermarkets sales lost 1.5%. Sales of small retailers, which were up by 0.1%, and department store sales, which shed 0.4%, were relatively stable.
Quarter-on-quarter, overall retail sales declined by 0.5%, pushed down by the 2.3% drop in food sales, while sales of manufactured goods were slightly up by 0.6%.
Total manufactured goods and food sales: M/M-1 change (%)
Month-on-month change; seasonally and working-day adjusted volume terms
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 Friday, February 24, 2023