Retail turnover was also in negative numbers in August, but the rate of turn-over decline slowed down for most retailers

Turnover in 6 out of 9 components of retail trade lagged behind last year´s level, the relatively highest double-digit decrease was recorded in turnover with computer technology. Large hyper- and supermarkets continued to be in negative numbers, as well as the majority of the specialized food and non-food items. Year-on-year turnover was higher in accommodation and in food and beverage service activities.

In August 2023, retail turnover¹⁾ was lower 2.1% year-on-year, its decline expressed in constant prices persisted for the seventh consecutive month. As many as 6 out of 9 monitored components of retail trade had lower turnover than a year ago. The most significant impact was a decrease in turnover by 3% in hypermarkets and supermarkets (in non-specialized stores). Their turnover represents more than two-fifths of the total retail turnover.

The second most significant impact was a turnover decrease by 5% in specialized stores with other goods, e.g. with footwear, textiles or drugstores and also a decrease of 9.1% in stores with other household goods, which include hobby markets, furniture and consumer electronics stores.

Year-on-year lower turnover was also reported by specialized stores with food, beverages and tobacco, as well as sales in stalls and markets. After eight months of significant turnover growth, PC and IT stores ended up in a double-digit loss.

The negative result of retail turnover moderated the turnover growth of fuel stores. Their turnover was up by a quarter year-on-year, but this result was significantly affected by the expansion of the number of reporting units from the beginning of 2023 after the reclassification of their main activity as retail trade. After six months of decline, turnover in sale not in stores, which also includes turnover of mail order, rose by 2.8%.

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Year-on-year development of other components of trade in August 2023

Turnover in sale and repair of motor vehicles and motorcycles¹⁾ increased by 17.4% year-on-year. Their growth was shown by all its components, while turnover rose the most dynamically in sale of motor vehicles by 21.5%. Wholesale²⁾ turnover was lower year-on-year for the sixth consecutive month, in August it was by 4.7%. However, the level of August 2022 was exceeded by the turnover of food and beverage services¹⁾ by 9.8% and again by the turnover of accommodation¹⁾, i.e. by 9.9%.

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Year-on-year development in August 2023 compared with July 2023

Turnover for August3) compared with July rose in almost all components of retail trade. It increased most significantly in accommodation¹⁾ by 17.1%, in food and beverage service activities¹⁾ by 2.3%, in retail trade¹⁾ by 1.7% and in wholesale²⁾ by 1.5%. Sale and repair of motor vehicles¹⁾ decreased month-on-month by 2.2%.

Development for 2023

In total, for the first eight months of 2023, turnover rose in sale and repair of motor vehicles¹⁾ by 17.6%, in accommodation¹⁾ it increased by 23.1% and in food and beverage service activities¹⁾ by 12.2%. Year-on-year lower turnover was registered by retail¹⁾ by 5.2% and wholesale²⁾ by 3.2%.