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November 14, 2019
ECONOMY

Jan – July wholesale turnover up 6.5 percent YoY

The wholesale turnover, except for trade in motor vehicles and motorcycles, was up 6.5 percent in nominal terms in the first seven months of 2017 compared to the same period of 2016, the National Institute of Statistics (INS) said in a Thursday release.

“Expressed as raw series, wholesale turnover (except for trade in motor vehicles and motorcycles) over the period January 1 – July 31, 2017 was up by 6.5 percent in nominal terms from the similar period of 2016, as an effect of the increase in the specialized wholesale trade of other products (+ 14.2 percent), the non-specialized wholesale trade (+ 11.5 percent), wholesales of food, beverages and tobacco (+ 6.6 percent), wholesales of non-foods (+ 5.3 percent), wholesales of machinery, equipment and parts (+ 3.7 percent), and wholesale intermediation (+ 0.4 percent). Wholesale activities to register a decrease were trade in raw agricultural products and live animals (-1.9 percent) and wholesales of IT and telecommunications equipment (-1.5 percent),” INS informs.

Expressed as workday and seasonally adjusted series, wholesale trade increased 7 percent in the first seven months.

“In July 2017, wholesale turnover (except for trade in motor vehicles and motorcycles) was up in nominal terms from the previous month both as raw series and workday and seasonally adjusted series, by 13.6 percent and 1.6 percent, respectively,” informs INS.

Compared to the same month of the previous year, the wholesale turnover was up 7.6 percent expressed as raw series and 6.2 percent higher as workday and seasonally adjusted series.

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