Retail sales fell 12.1% in August compared to the same period of last year, largely weighed down by the sagging fuel and non-food sales, according to data provided by the National Institute of Statistics.
The volume of retail trade was pulled down by the sharp decline in fuel (-20.3%) and non-food sales (-12.8%). Sales of food, drinks and tobacco dropped 3.4% versus August 2008.
Data adjusted to seasonality and number of working days for the volume of wholesale, retail trade and vehicle repair dropped 43.8% compared to the same period of last year, amid a 54.1% slump in car sales.
Services sector adjusted to seasonality and working days decreased by 20.6% year-on-year, largely due to the slowdown of travel agencies and tour-operators’ activity.
In terms of monthly changes, volume of retail sales increased by 0.4%in August, after sales of food, drinks and tobacco rose 3.9%, while fuel sales advanced by 0.4% from July 2009. Non-food sales fell 1.1%.
Gross retail sales increased by 1.5% in the period under review.
The volume of wholesale, retail trade and vehicle repair went up 1.7% in August compared to the July this year, while services sector fell 2.4%.
Jan-Aug data show retail trade fell 10.6%.
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