Retail turnover nearly 4 percent up

Retailers booked nearly 4 percent more turnover in November 2007 than twelve months previously. Shop-sold products cost just over 1 percent more than in November 2006. Turnover volume grew by more than 2 percent.

The favourable shopping day pattern had a positive effect on turnover growth. November 2007 had one Wednesday fewer, but one Friday extra than November 2007. After an approximate correction for this effect, turnover grew by nearly 3 percent. This is marginally lower than the growth rate in the first ten months of 2007. In 2006, turnover growth still exceeded 5 percent.

Turnover in the food sector increased by over 8 percent. The supermarket branch accounted for the growth single-handedly, as their turnover increased by nearly 10 percent compared with November 2006. Turnover volume was up by over 7 percent on the same month in the previous year.

At nearly 1 percent, turnover growth in the non-food sector was far less substantial than in the food sector. Price rises accounted for about half of this growth. Turnover volume in the non-food sector was nearly half a percent higher than in November 2006.

Retail turnover