Retail turnover nearly 4 percent up

05/02/2008 09:30

Retailers booked nearly 4 percent more turnover in November 2007 than twelve months previously. Shop-sold products cost just over 1 percent more 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 one Wednesday fewer, but one Friday extra than November 2007. After an approximate correction for this effect, turnover grew by nearly 3 percent. This is marginally lower than the growth rate in the first ten months of 2007. In 2006, turnover growth still exceeded 5 percent.

Turnover in the food sector increased by over 8 percent. The supermarket branch accounted for the growth single-handedly, as their turnover increased by nearly 10 percent compared with November 2006. Turnover volume was up by over 7 percent on the same month in the previous year.

At nearly 1 percent, turnover growth in the non-food sector was far less substantial than in the food sector. Price rises accounted for about half of this growth. Turnover volume in the non-food sector was nearly half a percent higher than in November 2006.

The figures on November 2007 published in this update have been adjusted from those published on 17 January 2008. The revision is based on new and more detailed information.

Retail turnover

Retail turnover