Retail Earnings Dropped in May

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Retail turnover in May decreased to 0.6 percent from the same period last year. Retail volume was reduced by 3.0 percent while retail costs increased by 2.5 percent.

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The shopping-day pattern was more positive in May 2013 compared to May 2012, resulting to total retail earnings of about 2 percent.

Meanwhile, the non-food sector’s income fell by almost 4 percent in May while retail volume cut down by over 5 percent. The drop turnover affected every branch of the non-food sector, most especially consumer electronics stores and DIY shops.

In May, food, drinks and tobacco stores had a 5 percent revenue growth compared to last year. The main reason behind the growth is the raise of over 4 percent in the average price. On the other hand, volume growth was almost 1 percent, mostly brought by supermarkets. Mail-order companies and online shops’ turnover growth was 11 percent.

Source: Statistics Netherlands

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