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INS: Retail turnover 9 pct down in November 2009

Retail turnover volume, motor vehicles and motorcycles excluded, declined by 9 percent in Nov. 2009 relative to the same period last year, both in terms of gross series and adjusted series, reveal data reported by the National Statistics Institute (INS).

According to the quoted source, the percentage in Nov. 2009 as regards retail turnover, gross series, was 4.8 percent lower than the one in Oct. the same year and by 0.2 percent as adjusted series.

INS data point out that, whereas at the fuel retail chapter depending on the number of working days and seasons a 20.3 percent drop was reported in the first 11 months of 2009, compared to the similar period in 2008, and as for the rapport between Oct. - Nov. 2009, food products, tobacco and beverage have shown a 4.8 percent decline.

Per total, the turnover volume of non-food products sales as adjusted series saw a 2.3 percent drop on Oct., and fuel sales for vehicles in specialized stores diminished by 9.6 percent.

According to INS, in Nov. 2009 compared to similar month in 2008, retail turnover volume (motor vehicles and motorcycles excluded), adjusted series depending on the number of working days and seasons, recorded a 9 percent drop, the reduction being generated by sales of fuel for motor vehicles in specialized stores (-23.5 percent), sale of non-food products (-7.3 percent), respectively food products, beverage and tobacco sales (-4.7 percent).

Over Jan. 1 - Nov. 30, 2009 as against the similar interval in 2008, the retail turnover volume (motor vehicles and motorcycles excluded) gross series, declined by 10.5 percent, due to a reduction in sales of fuel for motor vehicles in specialized stores (-20.4 percent) as well as to a reduction of non-food products sales (-9.6 percent) and of food products, beverage and tobacco sales (-4.3 percent).

INS research took into account the economic operators category with raised economic potential (50 employees and above) and the selection basis for the sample secures a representation computed according to a 92.50 percent turnover of the total multitude of active units.

The data were collected from some 2,000 economic operators with retail as main activity. The maximum admitted error of these estimations is of plus/minus 3 percent.

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Tags: percent turnover retail sales products vehicles motor series