Home breadcru News breadcru Announcement breadcru Dutch retail turnover up 4.2%, sales volume down 5% in Oct '22: CBS

Dutch retail turnover up 4.2%, sales volume down 5% in Oct '22: CBS

07 Dec '22
2 min read
Pic: StudioPortoSabbia / Shutterstock.com
Pic: StudioPortoSabbia / Shutterstock.com

The Dutch retail sector has registered a 4.2 per cent year-on-year (YoY) turnover growth in October 2022, according to a report by Statistics Netherlands (CBS), a Dutch institution that gathers statistical information. However, the country’s volume of sales was down by 5.2 per cent in October 2022 as compared to the corresponding period of last year.

If the shopping-day pattern is not taken into account, retail turnover in October 2022 was 2.9 per cent higher than in the same month last year.

In October, turnover in the non-food sector was up by 1.7 per cent YoY. The volume of sales (adjusted for price changes) fell by 6.7 per cent compared to the same month last year, as per the report.

Shops selling clothes saw turnover growth. However, shops selling footwear and leather products, and home furnishings had lower turnover than 12 months previously.

In October 2022, online turnover was up by 4.2 per cent YoY. Web shops recorded a turnover increase of 1.6 per cent; their core activity is selling goods and services over the internet. Multi-channel retailers (retailers selling goods and services over the internet as a side activity) achieved 7.5 per cent higher turnover in online sales, as per CBS.

Online turnover of clothing and fashion items was higher in October compared to October 2021, while the online turnover of other non-food products was lower.

ALCHEMPro News Desk (DP)

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