Figures show November retail rise

Take note – story published 1 year ago

Calendar adjusted data (at constant prices) compiled by the Central Statistical Bureau (CSB) and released Deceber 29 show that, compared to November 2021, in November 2022 total retail trade turnover rose by 10.7 %.

However, despite the double-digit rise, a number of factors to take into consideration make the figure less impressive. 

Turnover of retail trade in food products declined by 3.0 %. Retail trade in non-food products (except for retail sale of automotive fuel) increased by 23.3 %, but turnover of retail sale of automotive fuel – by 9.1 %.

As compared to November 2021, the largest turnover rise was registered in retail sale of clothing, footwear and leather goods (94.4 %), retail sale of cultural and recreation goods (57.3 %) and retail sale of hardware, instruments, construction materials and sanitary equipment (44.4 %).

In October and November 2021 these sectors were mostly affected by strict retail trade restrictions, which were implemented to reduce the infection of COVID-19.

Total retail trade turnover at current prices increased by 30.1 % (not taking into account the calendar influence), but here again, fast-rising prices play a role.

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Compared to October, the total turnover of retail trade enterprises in November 2022 increased by 1.3 %, according to seasonally adjusted data at constant prices. Turnover of retail trade in food products declined by 0.5 %. Retail trade in non-food products (except for retail sale of automotive fuel) increased by 1.3 %, but turnover of retail sale of automotive fuel – by 4.8 %.

As compared to the previous month, the most significant turnover growth was registered in retail sale in stalls or markets (8.0 %), retail sale in non-specialised stores selling mainly non-food products (3.2 %) and retail sale of cultural and recreation goods (3.0 %). The largest turnover drop was registered in retail sale of information and communication equipment in specialised stores (of 2.7 %).

Compared to October, in November 2022 the total retail trade turnover at current prices (not taking into account seasonality) decreased by 1.0 %.

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