Retail trade increased sales by 0.7% in 2022

This retail trade It saw an average increase in sales of 0.7% and employment growth of 2.2% in 2022, as reported by the National Institute of Statistics (INE) on Monday; this is the highest rate in the entire series starting in 2004.

Retail trade chains with the recovery in 2022 two years of growth The year 2020 was a black year for the industry due to the Covid crisis and it reached 100 percent of its sales with a 6.8% drop in sales that year.

However, despite the sector selling more in 2022 than in 2021, the growth in sales 2.5 points slower compared to the previous year.

Elimination of seasonal and calendar effects, retail trade turnover increased by 0.8% in 2022.

Retail trade sales hit record in last month of 2022 an annual increase of 3.5%Compared to a 0.7% drop in November.

On a monthly basis (December 2022 compared to November of the same year), retail sales, which eliminate the seasonal and calendar effects, decreased by 1.7%, rate is 4.9 points lower than the previous month.

Regarding employment, In 2022, the sector recorded an average employment increase of 2.2%, Increases in all distribution modes, particularly department stores (+3%), large chains (+2.2%), single-location companies (+2.1%) and small chains (+1.8%).

Sales growth in small chains

Likewise, small chains distribution mode Department stores (+1.3%) increased their sales the most in 2022, billing an average of 3% more than in 2021 (adjusted for seasonal and calendar effects).

for their own part, single location companies They reduced their sales by 3.5% and the big chains by 0.4%.

According to the data of the statistical institution, In 2022, sales of food products decreased by 1.8%, while sales of non-food products increased by 0.1%.

Among the latter, the largest increase in sales, personal equipment (+14.9%), this was followed by other goods (-0.9%) and household goods (-0.2%).

retail sales, service stations not includedsales at service stations increased by 12.7% last year, compared to 2021.

Throughout the year 2022, Balearic Islands (+8.2%) and Canary Islands (+7.2%)) recorded the largest increases in sales compared to Castilla-La Mancha (-3.4%) and País Vasco (-2.5%), which offered the most negative average rates.

Regarding employment, Balearic Islands had the highest increase (+6.4%) in the whole last year and the Principality Asturias the only decrease (-0.7%).

Source: Informacion

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