Monthly survey on retail trade - 2025-01

Published on the 20th of February 2025

Turnover in retail trade picked up very slightly in January

Note: The change in retail sales does not reflect the change in total household consumption as the latter includes other items such as health care, education and rents.

In January, turnover in retail trade rose slightly month-on-month by 0.1% (data adjusted for seasonal and working-day variations) after a decline of 0.6% in December. Sales volumes of manufactured goods were up by 0.8% following a drop the previous month of 0.9%, while food sales declined by 0.9%, exceeding the 0.3% decline recorded in December. Trends in the sales of manufactured goods were generally positive in sub-sectors such as furniture (up 9.9% after a decline of 7.7%), pharmaceuticals (up 2.7% following a decrease of 1.4%) and consumer electronics (up 2.1% after a 1.4% increase), but dropped off in bicycles and motorcycles (down 6.0% after a 0.3% improvement) and textiles and clothing (down 1.9%, after an identical 1.9% drop in December).

In terms of distribution channels, supermarket sales slipped by 1.4%, while hypermarket and department store sales improved by 2.6% and 1.5%, respectively, in January. Small retailer sales recorded a slight decline of 0.1%.

Three-month-on-three-month, overall turnover in retail trade fell by 0.5%, due to dips in both manufactured goods and food products (down 0.4% and 0.7%, respectively).

Total manufactured goods and food sales
Month-on-month change (%) - Seasonally and working-day adjusted volumes
Notes:.
1) Sectors are classified according to the relative weight of the products included in the total aggregate of retail trade (weights are given on the right scale).
2) The aggregated and by sub-sector series are seasonally adjusted on an individual basis. Total and manufactured products series are reconstituted by aggregating the SA-WDA series of the sub-components.
3) SA-WDA: Seasonally and working-day adjusted.

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Updated on the 20th of February 2025