Monthly survey on retail trade - 2024-07

Published on the 22nd of August 2024

Retail sales continued to firm in July

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

In July, turnover in retail trade posted a further rise of 0.4% compared with June just like the previous month (data adjusted for seasonal and working day variations). Sales of manufactured goods continue their progress (0.7% after 0.9%), driven mainly by furniture (7.5% after -1.2%), household appliances (2.0% after 1.3%) and sports equipment (1.7% after 3.9%), while sales of jewellery and timepieces (-2.9% after 0.5%), footwear (-2.7% after 4.6%) and press and stationery (-2.4% after 0.6%) fold. Food sales were stable month-on-month (0.0% after -0.3%).

In terms of distribution channels, sales of small retailers fell (-0.8% after 1.1%), and those of department stores declined at a slower pace (-6.1% after -7.3 %), while those of supermarket improved (2.0% after -2.7%).

Three-month-on-three-month, overall turnover in retail trade ticked down by 0.1%, due to the dip in manufactured goods (-0.2%) and the stability of food products (0.0%).
Total manufactured goods and food sales
Month-on-month change (%) - Seasonally and working-day adjusted volumes
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. Total and manufactured products series are reconstituted by aggregating the SA-WDA series of the sub-components.
3) SA-WDA: Seasonally and working-day adjusted.


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Updated on the 22nd of August 2024