Retail turnover nearly 4 percent up

17/01/2008 15:00

Retailers achieved nearly 4 percent more turnover in November 2007 than in the same month one year previously. Products sold in retail shops were over 1 percent more expensive than in November 2006. Turnover volume grew by more than 2 percent.

The favourable shopping day pattern had a positive effect on turnover growth. November 2007 had a Wednesday less, but a Friday extra in comparison to November 2007. After an approximate correction for this effect, turnover grew by nearly 3 percent. This is marginally below the growth rate over the first ten months of 2007. In 2006, turnover growth still exceeded 5 percent.

Food stores performed best in November. Their turnover increased by over 8 percent. The supermarket branch single-handedly accounted for the growth, as their turnover increased by nearly 10 percent compared with November 2006. Turnover volume was up by 7 percent on the same month one year previously. Prices increased as well.

The non-food sector did not achieve such good results. Their turnover barely exceeded the November 2006 level. Price rises accounted for the marginal growth. Turnover volume remained virtually unchanged.

Retail turnover

Retail turnover