Retail turnover: growth rate exceeds 7 percent in the first eleven months of 2014

The retail turnover volume recorded a growth rate above 7 percent in the first eleven months of the past year stimulated by rising sales of non-food products, food, beverages and tobacco, indicates a report of the National Institute of Statistics (INSSE) which does not take into consideration the turnover generated by the sales of cars and motorcycles.

During the period under review, retail turnover increased both as gross series and as seasonally adjusted series.

Thus, turnover went up by 7.2 percent over the same period of 2013, as gross series, triggered by higher sales of non-food products (+10.9 pct) and of food, beverages and tobacco (+8.4 pct). In contrast, sales of fuel for vehicles in specialized shops registered a slight decrease (-0.4 pct).

As regards the seasonally adjusted series, the retail turnover advanced by 7.4 percent year-on-year with sales of non-food products (+11.2 pct) and of food, beverages and tobacco (+8 pct) also on an upward trend. Similarly, sales of fuel for vehicles in specialized shops decreased by 0.2 percent.

On the other hand, the retail turnover volume dropped by 0.5 percent in November 2014 compared to the previous month as gross series due to lower sales of fuel for vehicles in specialized shops (-8.7 pct), while the other categories assessed increased by 3.7 percent (non-food products) and by 0.2 percent (food, beverages and tobacco). Yet, as seasonally adjusted series, it saw a growth by 2.1 percent, increases being recorded on all three groups of products: non-food products (+4 pct), fuel (+1.1 pct) and food, beverages and tobacco (+0.5 pct).