Turnover in retail trade, June 2017:
Retail trade increased in June
Statistical news from Statistics Sweden 2017-07-28 9.30
The retail trade sales volume increased by 3.5 percent in June compared with the same month last year. Retail sales in consumables increased by 1.7 percent, while retail sales in durables increased by 4.9 percent. These figures are working-day adjusted.
The turnover in retail trade measured in current prices increased by 4.9 percent from June 2016 to June 2017. Retail trade in consumables (such as goods sold in department stores and specialised grocery stores) increased by 5.3 percent, while durables (such as goods sold in clothing stores, furniture stores, second-hand goods stores and mail order houses) increased by 4.5 percent.
Retail trade increased by 0.2 percent between May 2017 and June 2017. In the last three-month period (April–June), sales increased by 1.1 percent compared with the previous three-month period (January–March). Both of these figures are expressed in constant prices, working-day and seasonally adjusted.
Comments by HUI Research:
The preliminary retail sales figure was about SEK 70 billion in June. This means June saw the largest sales of any month in the first half of 2017. Retail sales in current prices increased by 4.9 percent in June. This is to be regarded as a strong outcome considering that the comparative figures from past years are quite high.
Retail sales have grown by 2.7 percent, in current prices, during the first six months of 2017. This can be compared with general household consumption which, according to the SCB indicator of household consumption, grew at a higher rate. In recent years, retail has gained market shares from other household industries. However, the preliminary results for 2017 indicate that the opposite will happen this year. Restaurants and the motor trade are two industry sectors that have grown at a considerably higher rate so far this year.
Preliminary sales of consumables in June were about SEK 30 billion. This corresponds to an increase in sales of 5.3 percent in current prices. June is one of the most important months of the year for the consumables industry with regard to sales; only December sees higher sales. This is explained by the combination of Midsummer celebrations and holiday-related purchases. Especially the latter is characterised by large average purchases. However, the preliminary growth rate for the consumables industry in June is higher than expected and should therefore be viewed with caution.
Preliminary sales of durables in June were about SEK 39 billion. This corresponds to an increase in sales of 4.5 percent. June is an important month for the durables industry as well. One reason is that Swedish taxpayers receive their tax refund this month. However, June is still more important to the consumables industry. So far this year, sales of durables have grown by 2.4 percent, which indicates that certain sectors in the industry are experiencing a slowing of growth.
| dec% | jan% | feb% | mar% | apr% | may% | |
|---|---|---|---|---|---|---|
EU |
2.7 | 1.8 | 2.7 | 3.1 | 3.2 | 2.7 |
Euro zone |
1.8 | 1.6 | 2.2 | 3.0 | 2.8 | 2.8 |
Sweden |
1.0 | 3.0 | 3.2 | 2.4 | 3.4 | 2.4 |
Time series
| Jun. | Jul. | Aug. | Sep. | Oct. | Nov. | Dec. | Jan. | Feb. | Mar. | Apr. | May | Jun.^ | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover 2010=100 |
124.9 | 119.3 | 120.0 | 114.1 | 118.6 | 122.1 | 143.4 | 105.1 | 99.5 | 114.8 | 117.4 | 127.7 | 131.0 |
Monthly development %* |
3.5 | -0.8 | 5.6 | 1.9 | 0.2 | 5.2 | 1.3 | 3.0 | -0.8 | 1.5 | 2.9 | 4.1 | 4.9 |
3-month development %** |
3.9 | 2.8 | 2.7 | 2.2 | 2.5 | 2.4 | 2.1 | 3.0 | 1.2 | 1.3 | 1.3 | 2.9 | 4.0 |
12-month development %** |
5.6 | 4.7 | 4.9 | 4.5 | 4.0 | 3.8 | 3.4 | 3.3 | 2.7 | 2.4 | 2.4 | 2.3 | 2.4 |
| Jun. | Jul. | Aug. | Sep. | Oct. | Nov. | Dec. | Jan. | Feb. | Mar. | Apr. | May | Jun.^ | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Turnover 2010=100
|
126.1 | 122.2 | 120.3 | 113.1 | 120.5 | 121.9 | 142.2 | 108.0 | 101.3 | 115.1 | 118.9 | 127.0 | 130.4 |
|
Monthly development %*
|
3.5 | 1.3 | 3.3 | 1.6 | 2.7 | 4.0 | 1.0 | 3.0 | 3.2 | 2.4 | 3.4 | 2.4 | 3.5 |
|
3-month development %**
|
4.0 | 3.5 | 2.7 | 2.1 | 2.5 | 2.8 | 2.5 | 2.6 | 2.3 | 2.9 | 3.0 | 2.8 | 3.1 |
|
12-month development %**
|
4.4 | 3.9 | 3.9 | 3.6 | 3.4 | 3.2 | 2.9 | 2.9 | 2.8 | 2.8 | 2.9 | 2.6 | 2.6 |
| Jun. | Jul. | Aug. | Sep. | Oct. | Nov. | Dec. | Jan. | Feb. | Mar. | Apr. | May | Jun.^ | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Turnover 2010=100
|
118.4 | 117.9 | 118.7 | 118.3 | 119.4 | 121.4 | 118.2 | 120.4 | 120.8 | 120.4 | 121.4 | 122.0 | 122.3 |
|
Development %***
|
-1.0 | -0.4 | 0.7 | -0.3 | 0.9 | 1.6 | -2.6 | 1.9 | 0.3 | -0.3 | 0.8 | 0.5 | 0.2 |
|
Development for the latest 3 month %****
|
1.1 | 1.2 | 0.3 | -0.1 | 0.2 | 1.2 | 1.1 | 1.0 | 0.1 | 0.8 | 0.8 | 1.2 | 1.1 |
|
Development for the latest 6 month %****
|
1.3 | 1.3 | 1.2 | 1.2 | 1.4 | 1.3 | 1.0 | 1.3 | 1.4 | 1.5 | 1.4 | 1.3 | 1.9 |
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.
3 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 www.scb.se/ha0101.
More information:
Enquiries about the Retail Trade Index should be referred to Andreas Svensson at HUI Research +46 8 762 72 85.
Enquiries about time series should be referred to Anton Hammarstedt at Statistics Sweden +46 10 479 42 28.
Next publishing will be
Data for July will be published on 28 August at 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.