Retail turnover up by 11.1 pct in January

The retail turnover, considered the most important indicator of the population’ consumption, increased by 11.1 percent in January, according to the data of the National Institute of Statistics (INS).

In December 2017, the retail turnover (except for cars and motors retail ), on gross series, registered an increase year-on-year by 13.4 percent.

In January 2018, the turnover volume for retail, on gross series increases year-on-year by 11.1 percent due to the increases in sales of non-food products (+16.7 percent), the retail with fuels for cars in specialized stores (+8 percent) and in sales of food, beverages and tobacco (+7.5 percent).

In January 2018, the turnover dropped overall by 25.3 percent compared with December 2017 due to the drop in sales of non-food products (-29.5 percent), sales of food, beverages and tobacco (-24.7 percent) and the retail of fuels for cars in specialized stores (-17.7 percent).