H1 retail turnover down 5.1 pct y-o-y

In the first half of 2010, the retail turnover was 4.1 percent lower compared to same period of 2009 expressed as raw series and 5.1 pct down as series adjusted by the number of working days and seasonality, the National Statistics Institute (INS) announced on Wednesday.

Thus, compared with H1 2009, in the first half of the current year, the retail turnover (except for trade with motor vehicles and motorcycles) fell 4.1 percent as raw series, as a result of the 6.1 pct setback in sales of foodstuff, beverages and tobacco, and of the 4.9 pct fall in sales of non-food products. Conversely, retail sales of automotive fuel in specialized stores inched up 0.9 pct.

Expressed as series adjusted by the number of working days and seasonality, the retail turnover in the period of reference (trades with motor vehicles and motorcycles excepted) was 5.1 pct down compared to same period of 2009, as a result of the 7 pct decline in sales of foodstuffs, beverages and tobacco, of the dip by 5.8 pct in sales of non-foods and retail sales of automotive fuels in specialized stores going down 0.6 percent.

In June 2010 the retail turnover (except for trade with motor vehicles and motorcycles) was up from the same month of the year before expressed both as raw series, and as series adjusted by the number of working days and seasonality by 4.8 pct and 3.2 pct, respectively.
According to INS, in June 2010, the retail turnover (trades with motor vehicles and motorcycles excepted) expressed as raw series was by 4.8 pct higher y-o-y as a result of the 11.1 pct rise in sales of automotive fuels, of the 5 pct advance in sales of non-food products and the 0.6 pct gain in the sales of foodstuffs, beverages and tobacco.

Expressed as series adjusted by the number of working days and seasonality, the June 2010 retail turnover (except for trade with motor vehicles and motorcycles) was by 3.2 pct higher than in the same month of the year before, as an effect of sales of automotive fuels growing 10 pct, and sales of non-foods advancing 4.9 pct. Sales of foodstuffs, beverages and tobacco dropped 1.1 pct. INS data is provisional and can be revised based on the retroactive adjustments performed by the companies in the survey sample.

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