Press Release 08/11/2024
RETAIL TRADE INDEX (ICIm). III/2024
Sales in the Trade sector in the Basque Country rose by 4.2% in the third quarter of 2024
In relation to the previous quarter, the increase in sales stood at 1.7%
In the third quarter of 2024 sales in the retail trade sector of the Basque Country rose by 4.2% compared to the same quarter of the previous year, once corrected for calendar effects and at constant prices, according to Eustat data. Without taking service stations into consideration, the year-on-year increase in sales was 4.8%.
In respect of the previous quarter, once seasonal effects had been eliminated, the sales index increased by 1.7% during the third quarter of 2024.
Year-on-year variation rate of the retail trade index of the Basque Country (%)
Constant prices
Q3, 2023 Q4, 2023 Q1, 2024 Q2, 2024 Q3, 2024 |
Q1, 2011 Q1, 2014 Q1, 2017 Q1, 2020 Q1, 2023 |
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Sales at constant prices in Food increased by 3.0% in relation to the third quarter of 2023. In the Other Products sector, the year-on-year increase in sales was 6.9% during the third quarter of 2024. In the Automotive Fuel sector, however, sales were down 1.8% on those observed in the same quarter of the previous year.
In respect of the second quarter of 2024, in deseasonalised terms and at constant prices, Food sales fell by 0.2%. However, in Other Products and Automotive Fuel, sales increased in quarter-on-quarter terms by 4.2% and 1.5% respectively.
Retail Trade Index in the Basque Country. Inter-annual and inter-mensual variation rates (p). 2024/III
| | Constant prices |
| | t / t-4 | t / t-1 | At / At-4 |
| SALES INDEX by historic territory | | | |
| Basque Country | 4,2 | 1,7 | 2,2 |
| Araba/Álava | 2,9 | 1,3 | 1,5 |
| Bizkaia | 4,2 | 2,0 | 2,0 |
| Gipuzkoa | 4,7 | 1,3 | 2,8 |
| | | | |
| SALES INDEX by sector | | | |
| Foodstuffs | 3,0 | -0,2 | 3,5 |
| Establishments specialized in food | 2,8 | -1,2 | 2,7 |
| Nonspecialist establishments mainly selling food products | 3,0 | 0,9 | 3,7 |
| Rest of products | 6,9 | 4,2 | 1,7 |
| Establishments specialising in personal equipment | 8,4 | 2,1 | 3,4 |
| Establishments specialising in household equipment | 6,2 | 1,8 | -1,2 |
| Establishments specialising in other consumer goods | 5,6 | 2,1 | -0,4 |
| Nonspecialist establishments mainly selling other products | 4,7 | 1,2 | 4,7 |
| Automotive fuel | -1,8 | 1,5 | -2,4 |
| | | | |
| GENERAL INDEX without service station | 4,8 | 1,8 | 2,7 |
| | | | |
| PERSONNEL INDEX | | | |
| Basque Country | 1,7 | 0,8 | 1,5 |
(p)Provisional data
t / t-4 Year-on-year variation. Data corrected for calendar effects
t / t-1 Interquarterly variation. Deseasonalised data
At / A(t-4) Year-on-year variation rate in the accumulated period from the 1st quarter to the last quarter observed (At) with regards to the same accumulated period in the previous year (A(t-4))
Date November 8, 2024
Source: Eustat. Retail Trade Index (ICIm)
Within the Food retail trade, sales in Specialised trade in food, beverages and tobacco (establishments such as greengrocers, butchers and fishmongers) increased by 2.8% in relation to the third quarter of 2023. Sales in retail trade that is Non-specialised with food, beverages and tobacco predominating (primarily supermarkets and hypermarkets), increased by 3.0% in year-on-year terms.
Within the retail trade of Other Products, sales in the Specialised trade in personal goods sector (clothes, footwear, cosmetic and hygiene products) increased by 8.4% in year-on-year terms and in the Specialised trade in household goods sector (including domestic appliances, furniture and telecommunications equipment), sales were up 6.2%.
Within the Specialised trade in other consumer goods sector (including, for example, sporting goods, games and toys) sales rose by 5.6% compared to the third quarter of the previous year. Finally, in the Non-specialised trade with other products predominating sector (mail order or online), the increase in sales was 4.7%.
By province, the sales index in the third quarter of 2024 registered a year-on-year increase in all three provinces. The index increased by 2.9% in Álava, 4.2% in Bizkaia and 4.7% in Gipuzkoa.
Compared to the previous quarter, the evolution in sales was also positive in all three provinces. In Álava and Gipuzkoa the increase in sales, in respect of the second quarter of 2024 was 1.3% while in Bizkaia it stood at 2.0%.
The number of people employed in the retail trade sector in the Basque Country as a whole in the third quarter of 2024 rose by 1.7% in relation to the third quarter of the previous year. Compared to the second quarter of 2024, employment rose by 0.8%.
NOTE
Year-on-year variations are calculated using the series corrected for calendar effects, and month-on-month variations are calculated using the deseasonalised series.
Eustat would like to thank all the establishments that have collaborated with gathering information. As a result, the index for this quarter was calculated with 96.47% coverage of the sample.
For further information:
Eustat - Euskal Estatistika Erakundea / Basque Statistics Institute
C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz
Press Service: servicioprensa@eustat.eus Tel.: 945 01 75 62