BUSINESS ECONOMY

Retail trade turnover up by almost 5 pc in H1

The retail turnover increased 4.8 percent in H1 2015 from the same period of the year before, with sales of of food, beverages and tobacco, as well as fuel sales having significantly contributed to this trend, shows data released on Tuesday by the National Institute of statistics (INS).
In June this year, the retail turnover (except for trade in motor vehicles and motorcycles) expressed as gross series jumped 7.9 percent following growth in sales of food, beverages and tobacco (+22 percent), automotive fuel sales in specialized stores (+1.3 percent) and sales of non-food products (+1 percent).
In a year-on-year comparison, this June, the retail turnover expressed as workday and seasonally adjusted series advanced 7.1 percent, following the positive outcomes registered by sales of food, beverages and tobacco (+21.5 percent), automotive fuel sales in specialized stores (+1.4 percent) and sales of non-food products (+0.9 percent).
According to INS, between January – June 2015, the retail turnover expressed as gross series advanced 4.8 percent due to growth in sales of food, beverages and tobacco (+11.5 percent), and automotive fuel sales in specialized stores (+5.8 percent). At the same time, non-food sales dropped 0.9 percent.
Expressed as workday and seasonally adjusted series, the retail turnover (except for trade in motor vehicles and motorcycles) in H1 2015 advanced 4.9 percent y-o-y, as an effect of rising sales of food, beverages and tobacco (+10.6 percent) and automotive fuel sales in specialized stores (+4.9 percent). Non-food sales flatlined.
INS data also reveals that in June 2015 the retail turnover expressed as gross series increased 4.2 percent y-o-y, as an effect of the higher sales of food, beverages and tobacco (+11.7 percent) and non-food (+1.5 percent). Conversely, automotive fuel sales in specialized stores dipped 1.8 percent.
Expressed as workday and seasonally adjusted series, this June’s retail turnover (except for trade in motor vehicles and motorcycles) was up 1.7 percent from the previous month, sales of food, beverages and tobacco were 12.7 percent higher, and non-food sales also inched up 0.4 percent, contributing to these positive outcomes.
Retail sales of automotive fuels in specialized stores were 4.6 percent lower this June from May 2015, INS also informed.

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