Black Friday sales (which began at the end of October) supported retail business in October, so that retailers grew by 2% in the first 10 months compared to the first 10 months of 2022.
October 2023 compared to September 2023
The volume of retail trade (a good indicator of private consumption – the main component of GDP) increased by a total of 1.3%, thanks to the growth of sales of food, beverages and tobacco (+1.9%) ), sales of non-food products (+1.2%) and retail trade of motor fuel in specialized stores (+0.7%).
October 2023 compared to October 2022
The volume of retail trade turnover in October 2023 compared to October 2022 increased by 1.8% due to growth in sales of non-food products (+4.8%) and food products, beverages and tobacco (+4.0%). Retail trade of motor fuel in specialized stores decreased by 7.0%.
The period 1.I-31.X.2023 compared to the period 1.I-31.X.2022
The volume of retail trade turnover (except trade in motor vehicles and motorcycles) of the gross series for the period 1.I-31.X.2023 compared to the period 1.I-31.X.2022 increased by a total of 2.0% , due to the increase in sales of non-food products (+3.7%) and sales of food products, beverages and tobacco products (+3.4%). Retail trade of motor fuel in specialized stores decreased by 3.6%.
Source: Hot News
Lori Barajas is an accomplished journalist, known for her insightful and thought-provoking writing on economy. She currently works as a writer at 247 news reel. With a passion for understanding the economy, Lori’s writing delves deep into the financial issues that matter most, providing readers with a unique perspective on current events.