Retail turnover nearly 4 percent up

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