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Turnover in internal trade in March 2021

Turnover in internal trade in March 2021

Last update: 06.05.2021
Ilustratívny obrázok/Illustrative image
Publisher: Headquarters Bratislava
Topic: Sectoral statistics
Domain: Trade and food services
Publish Date: 06.05.2021

Turnover in March started to be compared with the period when the crisis hit for the first time, high increases were shown by those who fell sharply last year

Retail turnover in March 2021 reached the level of the previous year, though March 2020 was already hit by the pandemic. Decisive turnover of hypermarkets was lower than a year ago, on the contrary, turnover of online shopping and mail order services was significantly higher.

In March, after four months of a year-on-year decline in March, turnover of retail trade again reached the level of the previous year, increasing by 0,3 %. As for the nine monitored retail activities, five of them recorded a year-on-year growth, four of which remained in decline. After more than a year of declines, turnover in sale of motor vehicles also grew, but in March last year, it recorded a drop in turnover of more than 40%, which was related to the onset of the pandemic. Turnover of accommodation providers remained below the level of the previous year by 64,4 %, food and beverage service activities by 43,4 %.

Development in March 2021 compared to February 20211)

In March 2021, in a month-on-month comparison, turnover developed favourably in most of the main activities of internal trade. Turnover in accommodation increased by more than one third (by 35 %), other industries recorded a growth of up to 10 %, sale and repair of motor vehicles by 9,7 %, retail trade by 7,1 % and wholesale trade by 6 %. A fall was recorded only in food and beverage service providers, it was a significant decrease by 10,7 %.

Development in March 2021 compared to March 2020

In March, after four months of a year-on-year decline, turnover of retail trade again reached the level of the previous year. As for the nine monitored activities of retail trade, five of them recorded a year-on-year growth, four of them remained in a decline, including the most important retail activities in terms of share - hyper and supermarkets.

An increase in March, albeit slight, by 0,3 % was supported by a 13,6 % increase, mainly in retail trade not in stores, stalls and markets (which also includes mail order and internet sales), as well as in specialized household stores by 20,4 %. A rise was also recorded in activities, which in recent months showed declines in turnover, but also recorded a significant decrease in March last year, which was related to the onset of the pandemic. These include retail trade of ICT equipment, whose turnover increased by 34,6 % in March (a year-on-year decrease of 18,6 %), retail sale of cultural and recreational goods growing by 19,6 % (last year's decline exceeded 40 %). After five months of a decline, turnover of  retail sale in fuels also increased by 1,7  (in March last year it recorded a decrease of 11,8 %).

The overall growth was slowed down by the lag of turnover in the most important activities, in retail trade in non-specialized stores ( hyper and supermarkets). After a year-on-year declines exceeding 10 % in the first months of 2021, which were the largest falls in turnover since 2009 (since the last change in methodology), but a downward rate slowed to 3,9 % in March.

Due to the increased interest in information in connection with the corona crisis, the SO SR also provides extended information on selected more detailed retail activities 2). Within them, turnover in stores with clothing decreased by 18,3 %, and in stores with footwear and leather goods by 43,1 % year-on-year. A decline in turnover was recorded in retail sale of meat and meat products by 25,9 % and stores with tobacco products by 1,4 %.

After a year-on-year decline lasting more than a year, turnover of sale and repair of motor vehicles increased by 36,1 % year-on-year. However, the comparison period (March 2020) was the month, in which this sector recorded one of its largest declines in turnover. Turnover increased in all activities and after more than a year also in sale of motor vehicles by 45,4 % (in March 2020 a drop of more than 40 %).

In March, turnover of wholesale developed favourably, a growth of 12 % was the highest in the last two years, an increase above 10 % was last recorded in November 2018. Turnover increased the most in the most important activities, namely in other specialized wholesale by 24,9 %.

A significant decline in turnover in accommodation and food and beverage service activities continued in March 2021. Although its pace slowed down compared to the first two months of the year, but in March 2020 an pandemic impact was reflected in turnover for the first time. A year-on-year decrease in turnover in accommodation reached 64,4 % (in March 2020 there was a decrease of 50,8 %) in March. Turnover of food and beverage service activities decreased by 43,4 % compared to March 2020 (a year ago there was a decrease of 21,5 %).

Development for the first three months of 2021 compared to the same period in 2020

In the first quarter of 2021, turnover of wholesale developed favourably, increasing by 4,4 % compared to the same period last year, mainly due to a growth in other specialized wholesale, but also in less significant wholesale of agricultural raw materials and live animals. Compared to the first quarter of 2020, turnover of retail trade decreased by 10,2 %, there was also a slight decrease in sale and repair of motor vehicles and motorcycles by 0,6 %.

A decline in turnover in accommodation was at the level of 82,8 %, and less than half of the volume of turnover last year was also achieved by turnover in food and beverage serviced activities (a decrease of 51,9 %).

We thank all companies that have fulfilled their reporting obligation and in the current difficult situation provide the Statistical Office of the SR with the primary data necessary for the compilation of statistics on turnover in internal trade.

Note: preliminary data; indices are calculated from data at constant prices, (average 2015=100-except wholesale where the indices are calculated from current prices)
1) From seasonally adjusted data
2) Data on enterprises having 20 or more employees and less than 19 employees with an annual turnover of more than 5 mil. EUR and natural persons with annual turnover of more than EUR 5 million and natural persons with an annual turnover for own services and goods EUR 5 million and more with a prevailing activity in internal trade, accommodation or catering services

 

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