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Turnover in retail trade, February 2018. Corrected:

Retail trade increased in February

Statistical news from Statistics Sweden 2018-04-06 9.30

The retail trade sales volume increased by 0.7 percent in February 2018 compared with the same month last year. Retail sales in consumables increased by 0.8 percent, while retail sales in durables increased by 0.5 percent. These figures are working-day adjusted.

The statistics for retail trade for February has been corrected due to incorrect deflating in the original publication which affected the indices in constant prices.

The turnover in retail trade measured in current prices increased by 2.0 percent from February 2017 to February 2018. Retail trade in consumables (such as goods sold in department stores and specialised grocery stores) increased by 2.6 percent, while durables (such as goods sold in clothing stores, furniture stores, second-hand goods stores and mail order houses) increased by 1.5 percent.

Retail trade development between January and February 2018 was unchanged. In the last three-month period (December– February), sales decreased by 0.3 percent compared with the previous three-month period (September–November). Both of these figures are expressed in constant prices, working-day and seasonally adjusted.

Turnover development in retail trade February 2017–February 2018

Chart

Changes are shown as percentages compared with the same period last year.

Due to technical issues, Statistics Sweden has not had time to receive comments from HUI Research for February.

The preliminary monthly outcome may be adjusted when the final outcome is published four times a year. The retail index is supplemented by administrative data from the Swedish Tax Agency, which means that the final estimate includes all retail companies. For some time there have been major differences between the preliminary and the definitive outcome in the retail sub-sectors. Until further notice HUI will only comment on the development of the sub-industries when the final outcome is published.

Sales development 2018/2017, percent
 Current pricesWorking day adjusted, constant pricesPrice changeWorking day effect[3]
 February%95% Conf.Int.[1]2018%[2]February%2018%[2]February%February%
Retail sales for consumables
2.6   2.4 0.8 0.5 1.8 0.0
Retail sales for durables
1.5   3.2 0.5 2.7 0.9 0.0
Total retail trade
2.0   2.8 0.7 1.7 1.2 0.0

 

International comparisons. Comparison to same month of last year (working day adjusted, constant prices), percent
 AugSepOctNovDecJan
EU
2.8 3.9 0.0 3.4 2.7 2.7
Euro zone
2.0 4.1 -0.4 4.0 2.2 2.6
Sweden
1.5 2.8 1.8 2.7 2.9 1.1

Time series

Current prices
 Feb.Mar.Apr.MayJun.Jul.Aug.Sep.Oct.Nov.Dec.Jan.Feb.
Turnover 2015=100
87.2 100.6 101.4 110.5 112.9 107.2 107.3 102.5 106.6 110.4 128.2 95.5 89.0
Monthly development %*
-0.8 1.5 1.4 2.7 3.1 2.5 2.0 2.4 2.5 3.1 1.9 3.7 2.0
3-month development %**
1.2 1.3 0.8 1.9 2.4 2.7 2.5 2.3 2.3 2.7 2.5 2.8 2.5
12-month development %**
2.7 2.4 2.3 2.1 2.0 2.3 2.0 2.1 2.3 2.1 2.1 2.2 2.4

Working day adjusted, constant prices
 Feb.Mar.Apr.MayJun.Jul.Aug.Sep.Oct.Nov.Dec.Jan.Feb.
Turnover 2015=100
88.1 100.1 102.0 109.0 111.5 109.3 106.2 101.1 106.7 108.9 127.3 95.0 88.8
Monthly development %*
3.2 2.4 2.0 1.0 1.7 2.8 1.5 2.8 1.8 2.7 2.9 1.1 0.7
3-month development %**
2.3 2.9 2.5 1.8 1.5 1.8 2.0 2.4 2.0 2.4 2.5 2.3 1.7
12-month development %**
2.8 2.8 2.8 2.4 2.2 2.3 2.2 2.3 2.2 2.1 2.3 2.2 2.0

Seasonally adjusted series
 Feb.Mar.Apr.MayJun.Jul.Aug.Sep.Oct.Nov.Dec.Jan.Feb.
Turnover 2015=100
105.0 104.4 104.5 105.2 105.0 105.4 105.3 105.8 105.7 107.0 105.8 105.9 105.8
Development %***
0.3 -0.7 0.1 0.6 -0.2 0.4 -0.1 0.5 -0.1 1.3 -1.2 0.1 0.0
Development for the latest 3 month %****
0.3 0.9 0.6 0.5 0.2 0.5 0.5 0.6 0.4 0.9 0.7 0.6 -0.3
Development for the latest 6 month %****
1.0 1.0 0.9 0.9 1.4 1.1 0.9 0.9 1.0 1.2 1.0 1.0 1.0

1 The true change is with 95 percent probability covered by the estimated interval.

2 The period of January up to and including the given month compared with the same period last year.

The working day effect shows basic conditions for sales in the period of the present year compared with last year.

A working day effect of 1.0 percent negatively affects the sales development by 1.0 percentage points.

^ The given month's results are preliminary.

* Comparison with same month last year.

** Comparison between the latest 3- or 12-month period and the same period of last year.

*** Comparison with last month (only for seasonally adjusted series).

**** Latest 3- or 6-month period compared with the most recent previous 3- or 6-month period (seasonally adjusted series).

Definitions and explanations

Total retail trade refers to NACE 47 excluding 47.3.
Trade in consumables here refers to NACE 47.11 and 47.2.
Durables here refer to NACE 47.19 and 47.4-47.7.
All time series use the year prior to the year of the survey as their base year. Contact HUI Research for more detailed reports of the retail trade activities.

Revisions

When the Retail Trade Index is published for a new month, the index for previous months is also revised if new information has been added. From April 2015, a new method to calculate definitive statistics was introduced. The new method entails primarily that administrative data from the Swedish Tax Agency is used quarterly to increase the number of companies that are investigated and reduce the burden of the companies to contribute data. This means that definitive quarterly statistics are based on a calculation for all the companies in the population. The reason to use administrative data every quarter is to improve the quality of the retail trade index. Usually the material is revised between two and four months backwards depending on where in the quarter the reference month is. In connection with the publication of the first and second month in a quarter the entire previous quarter is revised. The series, corrected for calendar and seasonal effects and trend estimates is always revised from January 1991 and forward. Information regarding major revisions will be published at:
Turnover in the service sector.

More information:

Enquiries about the Retail Trade Index should be referred to Andreas Svensson at HUI Research +46 8 762 72 89.

HUI Research

Enquiries about time series should be referred to Rickard Bengtsberg, Statistics Sweden +46 10 479 48 51.

Next publishing will be

Data for March will be published on 27 April 09:30.

Statistical Database

More information is available in the Statistical Database

Feel free to use the facts from this statistical news but remember to state Source: Statistics Sweden.

Statistical agency and producer

Statistics Sweden, Innovation, Business sector production and Research section

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