Retail trade sales accelerated their July increase to 7.7%, gaining up to eight months

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HE retail trade Sales increased by 7.7% in July Compared to the same month of 2022, the rate is eight-tenths higher than the previous month, as reported by the National Institute of Statistics (INE) on Tuesday. Retail sales with July data chained positive interannual rates for eight consecutive months.

While the sales of food products in the sector increased by 2.8% compared to the same period of the previous year, the sales of other products increased by 17.8% compared to July 2022, and increased from 14.2% to 16.9% and 1.9% in personal sales. a rose. equipment, other goods and household goods, respectively.

Through distribution, the largest year-on-year increase in sales was recorded by large chains (+14%), followed by small chains (+12.3%), department stores (+5.8%) and single-location companies (+). . 4.6%).

Excluding seasonal and calendar effects, retail trade invoices rose 7.3% in the seventh month of the year, eight-tenths higher than in June.

Sales increased by 0.2% in July

On a monthly basis (July to June), retail trade increased its sales by 0.2% in seasonally adjusted series; this rate is one tenth lower than in June. Despite this, this indicator has been increasing for five consecutive months on an annual basis.

According to the products, Food sales increased by 0.3% in July compared to the previous month, while the remaining products increased by 1%, sales of household goods increased by 1.5% and sales of personal items increased by 0.9%. There was no change in the sales of other goods.

All but one-location companies, which cut 0.5% through distribution, increased their monthly sales in the seventh month of the year. The largest increase was recorded in large chains (+1.7%), followed by small chains (+0.6%) and large surfaces (+0.1%).

Slowed employment growth rate to 1.9%

Regarding employment, the sector posted an annual employment increase of 1.9% in July, three-tenths lower than the previous month. With this rise HE work In retail trade, on the other hand, there were increases on an annual basis for 27 consecutive months.

The largest increase in employment compared to the previous year was seen in small chains (+6.2%), followed by large chains (+1.1%), single-location companies (+0.2%) and department stores (+0.1%). is doing. .

On a monthly basis, employment in the sector increased by 1.1%; this underlined the occupancy increase at service stations (+2.3%), department stores (+2%) and large chains (+1.4%).

All communities increase their sales

Retail sales in all autonomous communities increased at an annual rate throughout July.

The largest increases were recorded in Madrid (+12%), the Balearic Islands (+10.2%) and the Commonwealth of Valencia (+8.9%), with the most moderate increases in Extremadura (+2.5%), Castilla and León (+) occurred. 2.8%), Navarra (+3.5%) and Basque Country (+3.6%).

on his behalf, Retail trade employment increased year-on-year in 13 communities, Catalonia (+4.9%) and the Balearic Islands (+3.7%) lead the increases.

At the other extreme, compared to July 2022, four communities reduced their retail workforce: Asturias (-1.1%), Navarra (-1%), La Rioja (-0.9%) and Murcia (-0.3%) . Occupation also fell (-0.3%) in the autonomous city of Ceuta.

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