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Turnover in internal trade in February 2024
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Turnover in internal trade in February 2024

Last update: 05.04.2024
Ilustračný obrázok/illustrative image
Publisher: Statistical Office of the SR
Topic: Sectoral statistics
Domain: Trade and food services
Publish Date: 05.04.2024

February´s retail turnover increased fastest in the last 21 months, especially e-shops and hypermarkets were prosperous

In February 2024, turnover growth in retail exceeded 5% year-on-year. The high pace was mainly supported by mail-order sales, large retail chains and some specialized stores were also prosperous. On the contrary, the turnover drop was mainly experienced by automotive fuel stores.

Retail turnover1) at constant prices rose for the second consecutive month, in February 2024 it rose by 5.3% than a year ago, which was the highest since May 2022. However, the current significant growth is influenced by a lower comparative base last year, when retail turnover remained subdued due to a high inflation after conversion to constant prices.

The Statistical Office of the SR points out that from the data for January 2024, all values of year-on-year and month-on-month indices of retail turnover (as well as other structures of internal trade) were recalculated due to methodological adjustments – transition to a new base period (from 2015 to 2021) and application of the concept of business units of the enterprise2) (PDF - 154 kB). The change also affected all the other sectoral statistics.

Year-on-year turnover growth in the second month was recorded by 6 out of 9 components of the retail trade. The result was most significantly influenced by the more than one-quarter growth of turnover of e-shops (turnover outside stores, stands and markets). This is the second significant increase in turnover in this sector after four months of declines. Compared to last year, the turnover of large non-specialized hyper- and supermarkets also increased by 4.4%. The overall retail balance was also positively affected by the increase in turnover of specialized stores, e.g. footwear, textiles or drugstores (specialized sale of other goods) by 5.4% and a year-on-year increase in the turnover of hobby markets, furniture and consumer electronics stores (specialized sale of other household goods) by 12.1%.

On the contrary, the retail sector was negatively affected by the drop in gas station turnover (retail sale of fuel) by 8.7%, a double-digit drop in ICT turnover (specialized turnover of IT and communications equipment), and lower turnover of outlets of toys, sporting goods, books, etc. (specialized sale of goods for culture and recreation) by 7.1%.

Illustration image - Graph

Download high resolution chart format PDF (75 kB) or PNG (146 kB).


Year-on-year development of other components in trade in February 2024

Turnover increased year-on-year by double digits in sale and repair of motor vehicles and motorcycles1). All three components of this sale were in positive figures. Turnover also rose year-on-year in accommodation1) by 5.2% and food and beverage service activities1) by 8.2%, and their turnover have been growing for 18 consecutive months. The decline in turnover was recorded only in wholesale2), its turnover decreased for the third consecutive month, currently by 1.8%.

Illustration image - Graph

Download high resolution chart format PDF (72 kB) or PNG (109 kB).


Month-on-month development in February 2024 compared to January 2024

In February, compared to January3) turnover increased across the entire internal trade sector, i.e. in sale and repair of motor vehicles by 4.1%, wholesale by 0.5%, retail trade by 0.9%, food and beverage service activities by 1,9% and more dynamically in accommodation by 17.3%.

Development for 2024

In total, for the first two months of 2024, turnover rose in sale and repair of motor vehicles 1) by 6.8%, in retail trade 1) by 3.6%, in accommodation 1) by 2%, and in food and beverage service activities 1) by 5.6 %. Lower turnover was recorded year-on-year only in wholesale 2) by 1.8%.


  • 1) for the sale and repair of motor vehicles, retail, accommodation and food and beverage service activities, the indices are at constant prices (to the average months of 2021)
  • 2) for wholesale, indices are calculated from current prices
  • 3) from seasonally adjusted data

Data source: DATAcube. database:

Outputs on the topic of turnover in internal trade:

Together with the publication of the data for January 2024, the entire time series were recalculated in con-nection with the adopted modifications of the methodology – Change of the base period and the classifica-tion according to activity units (PDF - 154 kB).

The Statistical Office of the SR releases turnover in internal trade and also in absolute terms on a quarterly basis, approximately 70 days after the end of the reference quarter, in the DATAcube. database in the table ob2008qs. The data are from the monthly statistical reports adjusted on the base of the processing of quarterly reports (more in the methodology).

The data for the 4Q of 2023 were published on March 14, 2024.

The Statistical Office of the SR releases the chart “The structure of turnover in retail trade in 2023”, which illustratively presents the shares of turnover in individual retail activities (division 47, SK NACE Rev. 2.). The chart is compiled from preliminary monthly data for 12 months of 2023.

Illustration image - Graph

Download high resolution chart format PDF (74 kB) or PNG (159 kB).

 

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  • Slovak Republic
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