Monthly survey on retail trade - 2026-01

Published on 25th of February 2026

Retail sales up in January

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 January, retail sales volume rose by 1.2% (seasonally and calendar adjusted data), following a 1.6% decline in December. The increase recorded in January reflects a rebound in both food sales (+1.2%, after -0.7% in December) and manufactured goods (+1.3%, after -2.3% in December).

Within manufactured goods, sales of footwear (+7.7% in January) and sports equipment (+6.6%) rebounded sharply after their decline in the previous month (-3.4% and -5.7%, respectively). Conversely, sales of bicycles and motorcycles fell sharply (-10.6% after +1.7%), as did sales of press and stationery (-3.3%, after -0.9% in December), though to a lesser extent.


After declining in December, sales increased across all distribution channels: small retail stores (+0.3% after -0.7%), department stores (+1.0% after -3.1%), hypermarkets (+4.9% after -3.7%) and supermarkets (+1.9% after -0.9%).

Over the last three months compared with the previous three-month period, retail sales volume increased by 0.9%, driven by manufactured goods (+1.1%), while food sales rose more moderately (+0.6%).
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 24th of February 2026