Press Release 16/05/2024
TRADE INDEX I/2024
Sales in the Trade sector in the Basque Country were down 2.1% in the first quarter of 2024
Sales fell by 0.1% compared to the previous quarter
In the first quarter of 2024 sales in the Trade sector, which encompasses Wholesale Trade, Retail Trade, and Sale & Repair of Motor Vehicles, were down 2.1% in year-on-year terms, at constant prices and once corrected for calendar effects, according to Eustat data.
Compared to the previous quarter and once corrected for seasonal effects, sales fell by 0.1% in the first quarter of 2024.
Within Trade, the year-on-year evolution in sales was positive in the Sale & Repair of Motor Vehicles sector, with growth of 9.6%. In contrast, in the Wholesale Trade and Retail Trade sectors, there was a downturn in sales of 4.9% and 0.8%, respectively, all at constant prices and once corrected for calendar effects.
In relation to the previous quarter, once corrected for seasonal effects, there was a 3% increase in sales in the Sale & Repair of Motor Vehicles sector. However, in the Wholesale Trade and Retail Trade subsectors, sales were down in year-on-year terms by 0.7% and 0.4% respectively.
Trade index of the Basque Country. Provisional data. 2024/I
| | Constant prices |
| | t / t-4 | t / t-1 | A (t) / A (t-4) |
| GENERAL INDEX | -2,1 | -0,1 | -2,1 |
| Wholesale and retail trade and repair of motor vehicles | 9,6 | 3,0 | 9,6 |
| Wholesale trade | -4,9 | -0,7 | -4,9 |
| Retail trade | -0,8 | -0,4 | -0,8 |
| | | | |
| HISTORIC TERRITORIES | | | |
| Araba/Álava | -4,7 | -1,3 | -4,7 |
| Bizkaia | -2,1 | 0,4 | -2,1 |
| Gipuzkoa | -0,7 | -0,3 | -0,7 |
| | | | |
| EMPLOYMENT | 2,2 | 0,5 | 2,2 |
t / t-4 Year-on-year variation. Data corrected for calendar effects
t / t-1 Interquarterly variation. Deseasonalised data
A(t) / A(t-4) Year-on-year change so far this year. Data corrected for calendar effects
Date May 16, 2024
Source: Eustat. Trading Index
All three provinces experienced a downturn in sales in year-on-year terms at constant prices. Sales fell by 4.7% in Álava and 2.1% in Bizkaia and, lastly, in Gipuzkoa sales were down 0.7% compared to the first quarter of 2023.
In contrast, in relation to the fourth quarter of 2023, sales increased by 0.4% in Bizkaia, whereas in Álava and Gipuzkoa they were down 1.3% and 0.3% respectively.
The index of people employed in the Trade sector in the Basque Country rose by 2.2% in the first quarter of 2024 in relation to the first quarter of 2023. With respect to the fourth quarter of the previous year, growth stood at 0.5%.
NOTE
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 85.1% coverage.
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