Retail turnover keeps the uptrend in 2015, too

Although declining as compared to December 2014, retail turnover grew by 6.3 percent year-on-year, as gross series, and by 6.8 percent as seasonally adjusted series, according to 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.

The advance was driven by increasing revenues resulted from sales of food, beverages and tobacco products (gross series: +10.3 percent, seasonally adjusted series: +7.6 percent), sales of fuel for vehicles in specialized shops which grew by 8 percent/5 percent, respectively, and sales of non-food products, up 2.3 percent/4 percent.

The month-on-month results indicate a downturn in the retail turnover volume. In January 2015, the retail revenues dropped by 24.4 percent as gross series vs December 2014 due to a dramatic decline in sales of non-food products (-26.1 pct), corroborated by declining sales of food, beverages and tobacco products (-24.8 pct), and sales of fuel for vehicles in specialized shops (-20.2 percent).

In contrast, based on seasonally adjusted series, the retail revenues saw a slight growth by 1.6 percent on the back of higher sales of food, beverages and tobacco products (+3.2 pct), of fuel products (+0.2 pct), whereas sales of non-food products fell by 0.3 percent.