Decrease in retail trade of 1.7% in October at the monthly level

Retail trade turnover decreased in real terms both at the monthly and at the annual level

In October 2022, the total seasonally and working-day adjusted deflated retail trade turnover of all business entities engaged in this activity, irrespective of their main activity, was in real terms 1.7% lower than in September 2022. Out of that, the retail trade turnover of food products decreased by 0.5%, while the retail trade turnover of non-food products (except of automotive fuels and lubricants) decreased by 3.3%.

Slight decrease in real turnover from retail trade on an annual basis

In October 2022, compared to the same month of the previous year, the working-day adjusted retail trade turnover decreased in real terms by 0.4%. Out of that, the retail trade turnover of food, beverages and tobacco decreased by 1.9%, while the retail trade turnover of non-food products (except of automotive fuels and lubricants) decreased by 4.2%. In the first ten months of 2022, the working-day adjusted retail trade turnover increased in real terms by 2.2%, compared to the same period last year.

Automotive fuels and lubricants had the largest impact on the increase in nominal turnover

The largest impact on the increase in the nominal turnover in October 2022 compared to the same month of the previous year, according to gross, unadjusted indices, was recorded in the following trade branches: Automotive fuels and lubricants,  with a rise in turnover of 30.1% and an impact on the total turnover of 6.1%, Non-specialised stores with food, beverages and tobacco, with a rise in turnover of 14.5% and an impact on the total turnover of 5.0%, and Other non-specialised stores, with a rise in turnover of 17.4% and an impact on the total turnover of 1.1%. Accordingly, the total gross retail trade turnover increased in nominal terms by 15.6% compared to the same month of the previous year.

A decrease in the nominal turnover in October 2022 compared to the same month of the previous year, according to gross, unadjusted indices, was recorded in only one trade branch: Retail sale via Internet or via mail order, with a fall in turnover of 7.5%.

Additional information can be found in the First Release.

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