Retail sector faces turnover loss

The retail sector faced nearly 5 percent turnover loss in February 2013 relative to February 2012. Retail prices were nearly 3 percent up, whereas the volume of retail sales was down by more than 7 percent. Retail turnover is affected by the shopping-day pattern. As last year was a leap year, February 2013 had one shopping day less than February 2012. The negative effect thereof on turnover is estimated at nearly 4 percent.

Turnover generated by food, drink and tobacco shops was more than 1 percent down from twelve months previously. Prices were nearly 4 percent higher, the volume of sales shrank by nearly 5 percent. Turnover in the non-food sector was more than 7 percent down from February 2012. Turnover fell across the board, but DIY-shops, textile supermarkets and consumer electronics shops suffered most.

Mail-order firms and online shops realised a 1 percent turnover growth in February relative to twelve months previously.

Retail turnover

Retail turnover

More figures can be found in dossier Business cycle.       

For more information on economic indicators, see the Economic Monitor.