Statistical news from Statistics Sweden and HUI Research

2015-07-28 9:30 AM Nr 2015:666

Turnover in Retail Trade, June 2015:

Retail trade increased in June

The retail trade sales volume increased by 3.8 percent in June compared with the same month last year. Retail sales for consumables decreased by 1.3 percent while retail sales for durables increased by 7.9 percent. The information is working day adjusted.

The turnover for retail trade measured in current prices increased by 5.6 percent from June 2014 to June 2015. Retail trade for consumables (such as goods sold in department stores and specialised grocery stores) showed an increase of 2.1 percent, while durables (such as clothing stores, furniture stores, second-hand goods stores and mail order houses) increased by 8.4 percent.

The retail trade sales volume increased by 0.3 percent between May 2015 and June 2015. During the last three-month period (April through June), the sales volume increased by 0.4 percent compared with the previous three-month period (January through March). Both of these figures are working day adjusted and seasonally adjusted.

Turnover development in retail trade June 2014--June 2015

Comments from HUI Research:

Retail sales increased by as much as 5.6 percent in June. It was a very good sales month, after a slightly cooler development in both April and May. Consumables increased by 2.1 percent while durables alternated and showed its strongest growth so far this year with an increase of 8.4 percent.

Almost all sub-sectors within durable goods noted a positive growth, where several industries showed double-digit growth figures. Among these were building materials, paint and books. The summer was very hot last year, affecting the interest in building or renovating; but many seem to prioritize building and renovating again this year, which drives growth. Another industry that did well in June was the clothing industry, and the growth of 9.6 percent in June made up for the loss in May.

According to the Retail Barometer from the Swedish Trade Federation, retailer confidence fell in July from -16 to -21, which is the lowest measured confidence this year. There are a few sources of concern affecting the declining confidence, especially profitability and employment. Retail is one of the industries that is most affected by layoffs, and it is an industry with high competition and price pressure. When the employer's payroll tax increases, it will most likely affect retail. In contrast, sales expectations for the coming months are still at a positive level. Summing up the first six months this year, retail sales have increased by 4.7 percent. This is a much stronger growth than during the same period last year, when retail increased by 3.3 percent. HUI Research's full-year forecast of retail sales in 2015 is 4 percent.

Sales development 2015/2014:

Sweden

 
                                             Current                     Working        Price     Working 
                                              prices                       day 
                                                                                         change    day 
                                                                        adjusted, 
                                                                                                   effect([3]) 
                                                                         constant 
 
                                                                          prices 
------------------------------  --------------------------------  -------------------  --------  ------------- 
                                 June%   95%          2015%([2])   June%   2015%([2])   June%     June% 
 
                                          conf. 
 
                                          int.([1]) 
------------------------------  ------  -----------  -----------  ------  -----------  --------  ------------- 
 Retail sales for consumables      2.1                       2.9    -1.3          0.7       2.3            1.3 
 Retail sales for durables         8.4                       6.2     7.9          7.2      -1.4            1.8 
 Total retail trade                5.6                       4.7     3.8          4.3       0.2            1.5 
 

International comparisons, comparison to same month of last year (working day adjusted, constant prices)

 
              Dec.%   Jan.%   Feb.%   Mar.%   Apr.%   May% 
-----------  ------  ------  ------  ------  ------  ----- 
 EU             3.4     3.2     3.1     3.0     3.0    3.1 
 Euro zone      3.2     2.5     2.5     1.9     2.7    2.6 
 Sweden         2.3     5.1     4.4     4.7     4.0    3.9 
 

Time series:

Current prices

 
                    Jun.    Jul.    Aug.    Sep.    Oct.    Nov.    Dec.    Jan.   Feb.   Mar.    Apr.    May     Jun.^ 
-----------------  ------  ------  ------  ------  ------  ------  ------  -----  -----  ------  ------  ------  ------ 
 Turnover 
  2010=100          112.7   109.9   110.1   104.5   111.4   107.2   134.1   98.7   91.8   107.5   111.1   114.9   119.0 
 Monthly 
  development %*      2.9     1.4     2.1     2.9     4.4     1.3     3.9    4.4    4.7     6.7     3.8     3.2     5.6 
 3-month 
  development %**     3.5     1.7     2.1     2.1     3.1     2.9     3.3    3.2    4.3     5.3     5.0     4.5     4.2 
 12-month 
  development %**     2.7     2.6     2.6     2.7     2.7     2.6     2.7    2.8    3.0     3.5     3.2     3.4     3.7 
 

Working day adjusted, constant prices

 
                    Jun.    Jul.    Aug.    Sep.    Oct.    Nov.    Dec.    Jan.    Feb.   Mar.    Apr.    May     Jun.^ 
-----------------  ------  ------  ------  ------  ------  ------  ------  ------  -----  ------  ------  ------  ------ 
 Turnover 
  2010=100          115.8   112.0   113.1   105.6   111.0   110.3   135.1   100.4   94.1   109.6   111.6   116.0   120.2 
 Monthly 
  development %*      2.7     1.5     4.2     2.1     3.9     3.9     2.3     5.1    4.4     4.7     4.0     3.9     3.8 
 3-month 
  development %**     3.7     2.1     2.8     2.6     3.4     3.4     3.3     3.6    3.7     4.7     4.3     4.2     3.9 
 12-month 
  development %**     3.0     3.0     3.1     3.1     3.1     3.1     3.1     3.3    3.5     3.5     3.4     3.5     3.6 
 

Seasonally adjusted series

 
                     Jun.    Jul.    Aug.    Sep.    Oct.    Nov.    Dec.    Jan.    Feb.    Mar.    Apr.    May     Jun.^ 
------------------  ------  ------  ------  ------  ------  ------  ------  ------  ------  ------  ------  ------  ------ 
 Turnover 2010=100   109.3   108.0   110.4   109.8   111.0   111.6   110.2   112.5   112.6   113.4   113.3   113.1   113.5 
 Development %***      0.5    -1.1     2.2    -0.6     1.2     0.5    -1.3     2.1     0.1     0.7    -0.1    -0.2     0.3 
 Development for 
  the latest 3 
  month %****          1.2     0.1     0.3     0.3     1.6     1.4     1.4     0.9     0.9     1.7     1.5     1.4     0.4 
 Development for 
  the latest 6 
  month %****          1.5     1.5     1.6     1.5     1.4     1.7     1.6     2.1     2.0     2.4     2.5     2.3     2.6 
 

1 The true change is with 95 % probability covered by the estimated interval.

2 The period of January up to and including the given month compared to the same period of last year.

3The working day effect shows the basic conditions for sales during the period of the present year compared to 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 to same month of last year.

** Comparison among the latest 3 or 12 month period and the same period of last year.

*** Comparison to last month (only for seasonally adjusted series).

**** Latest 3 or 6 month period compared to 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 for a new month is published, the index for previous months is also revised. For the last month a new calculation has been made but other months may also be revised. The material is normally revised for twelve months retroactively. This is mainly due to new and revised information that has been received. Working day adjusted figures, seasonally adjusted figures and trend figures are always revised from January 1991 onwards.

Statistical database

More information is available in the Statistical database.

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HUI Research

Next publishing will be

2015-08-28 at 9:30.

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HUI Research

Lena Larsson

Phone +46 8 762 72 89

E-mail lena.larsson@hui.se

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Statistics Sweden

SE-701 89 Örebro

Fax +46 19 17 69 24

Enquires

Stefan Björnsbacka

Phone +46 19 17 69 51

E-mail stefan.bjornsbacka@scb.se

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