ELSTAT: Turnover of retail companies increased by 18.8% in February

The turnover of retail companies increased by 18.8% in February, and amounted to 2.53 billion euros compared to 2.13 billion euros in February 2021, ELSTAT said in a statement.

In particular, for companies in the retail sector with the obligation to keep bibliographic books, for which data are available on a monthly basis, the turnover in February 2022 amounted to 2.53 billion euros, an increase of 18.8% compared to February 2021 which was set at 2.13 billion euros and an increase of 9.0% compared to January 2022 which was set at 2.32 billion euros.

The activities that showed the largest increase in turnover in February 2022 compared to February 2021 are:

• Retail sale of music and video recordings in specialized stores, an increase of 509.1%.

• Retail sale of second-hand items in stores, increase of 308.6%.

The activity that showed a decrease in turnover in February 2022 compared to February 2021 is:

• Retail sale of electrical household appliances in specialized stores, a decrease of 3.1%.

The Regions that showed the largest increase in turnover in February 2022 compared to February 2021 are:

• South Aegean Region, increase of 26.3%.

• Region of Central Greece, increase of 24.7%.

2. Enterprises in the retail trade sector, excluding vehicles, foodstuffs and fuels, with an obligation to keep bibliographic information

For retail companies, excluding vehicles, food and fuel, with the obligation to keep bibliographic books, for which data are available on a monthly basis, the turnover in February 2022 amounted to 0.63 billion euros, recording an increase of 33.2% compared to February 2021 which was set at 0.48 billion euros and an increase of 4.5% compared to January 2022 which was set at 0.61 billion euros.

The Regions that showed the largest increase in turnover in February 2022 compared to February 2021 are:

• South Aegean Region, increase of 54.4%. • Attica Region, increase of 36.7%.

The Region that showed a decrease in turnover in February 2022 compared to February 2021 is:

• Region of Western Macedonia, decrease of 8.1%.

Retail trade is the basic business model of the modern consumer supply chain, through the resale of material goods or services and the promotion of profit-seeking products.

In this way, retail trade has always been an important productive tertiary sector of the Greek economy with a significant contribution to the Gross Domestic Product.

At the same time, in the recent context, monitoring the evolution of the size of the retail trade activity classes is important, given the effects, direct and indirect, that exist due to the pandemic of the coronavirus disease 2019 (COVID-19).

In addition, through the monitoring of the size of retail trade, conclusions are drawn about the evolution of consumption (in size, characteristics, preferences and substitution of products) of Greek society, citizens and businesses of the country.

This publication is part of the series of Press Releases published by ELSTAT (link DT) from April 2020, with the inclusion of the latest data on turnover from Administrative Sources, February 2022.

A corresponding publication has been planned and carried out by ELSTAT on a monthly basis, throughout the period when it is of interest to monitor the evolution of the turnover of the retail companies in a high frequency.

In particular, ELSTAT announces monthly data (a) for the turnover of companies with the obligation to keep bibliographic books classified in the activity classes of the retail sectors and b) for the turnover of companies with the obligation to keep bibliographic books classified in the activity classes of the retail sectors retail sectors with the exception of the vehicles, food and fuel sectors for the whole country and by Region.

It is noted that, from this publication, an updated business identification framework is used, which results from the connection at the level of micro-data administrative files of transactions, reference years 2019, 2020, 2021 and 2022 and the final Statistical Business Register, reference year 2019, which provides a standard data set, harmonized with European classification standards.

Source: Capital

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