Increase in retail trade turnover of 9.1% in December at the annual level

The highest increase in real terms in the retail trade turnover since September 2021

In December 2023, 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 0.9% higher than in November 2023. Out of that, the retail trade turnover of food products increased by 0.8%, while the retail trade turnover of non-food products (except of automotive fuels and lubricants) increased by 0.3%.

In December 2023, compared to the same month of the previous year, the working-day adjusted retail trade turnover increased in real terms by 9.1%, which is the highest increase in turnover since September 2021, when that increase was 14.8%. Out of that, the retail trade turnover of food products, beverages and tobacco increased by 3.7%, while the retail trade turnover of non-food products (except of automotive fuels and lubricants) increased by 13.6%.

In 2023, working-day adjusted retail trade turnover increased in real terms by 3.7%, as compared to the previous year.

The largest impact on the increase in the nominal turnover in December 2023 compared to the same month of the previous year, according to gross, unadjusted indices, was recorded in the following trade branches: Non-specialised stores with food, beverages and tobacco predominating, with a rise in turnover of 10.8% and an impact on the total turnover of 3.9%, Automotive fuels and lubricants, with a rise in turnover of 11.1% and an impact on the total turnover of 1.8%, and Dispensing chemists, medical and orthopaedic goods, cosmetic and toilet articles, with a rise in turnover of 18.4% and an impact on the total turnover of 1.6%. Accordingly, the total gross retail trade turnover increased in nominal terms by 12.9% compared to the same month of the previous year.

Find out more information in the First Release.

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