Press Release 16/09/2024
TRADE INDEX II/2024
Sales in the Trade sector in the Basque Country rose by 0.2% in the second quarter of 2024
Sales increased by 0.4% compared to the previous quarter
In the second quarter of 2024, sales in the Trade sector, which encompasses Wholesale Trade, Retail Trade, and Sale & Repair of Motor Vehicles, increased by 0.2% 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 were up 0.4% in the second quarter of 2024.
Within Trade, the year-on-year evolution in sales was positive in the Sale & Repair of Motor Vehicles sector, and in the Retail Trade sector, with growth of 15.8% and 0.9% respectively. In contrast, in the Wholesale Trade sector, there was a downturn in sales of 2.5%, all at constant prices and once corrected for calendar effects.
In relation to the previous quarter, once corrected for seasonal effects, there was a 1.6% increase in sales in the Sale & Repair of Motor Vehicles sector, a 0.1% rise in Wholesale Trade and Retail Trade was up 0.2%.
Trade Index of the Basque Country. Inter-annual and inter-mensual variation rates (p). 2024/II
| | Constant prices |
| | t / t-4 | t / t-1 | A (t) / A (t-4) |
| SALES INDEX by sector | 0,2 | 0,4 | -0,7 |
| Wholesale and retail trade and repair of motor vehicles | 15,8 | 1,6 | 15,2 |
| Wholesale trade | -2,5 | 0,1 | -4,0 |
| Retail trade | 0,9 | 0,2 | 1,2 |
| | | | |
| SALES INDEX by historic territory | | | |
| Araba/Álava | -1,2 | 0,1 | -2,4 |
| Bizkaia | 0,1 | 0,4 | -0,8 |
| Gipuzkoa | 1,0 | 0,6 | 0,4 |
| | | | |
| EMPLOYMENT INDEX | 1,6 | -0,3 | 2,2 |
| Basque Country | | | |
(p)Provisional data
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 September 16, 2024
Source: Eustat. Trading Index
The province of Álava experienced a downturn in sales in year-on-year terms at constant prices, with a 1.2% decrease. On the contrary, in Bizkaia and Gipuzkoa, sales increased by 0.1% and 1.0% respectively compared to the second quarter of 2023.
In relation to the first quarter of 2024, sales increased by 0.1% in Álava, 0.4% in Bizkaia and 0.6% in Gipuzkoa.
The index of people employed in the Trade sector in the Basque Country rose by 1.6% in the second quarter of 2024 in relation to the second quarter of 2023. However, compared to the first quarter of 2024 there was a drop of 0.3%.
NOTE
The reference year for the Trade Index has been updated, with 2021 becoming the new base year for the index. The process of changing the base year has also resulted in a substantial update to the methodology: among other aspects, the validation and allocation methods have been revised and the population under study has been modified. As a result, the series that form part of the index have also been updated.
Year-on-year variations are calculated using the series corrected for calendar effects, and quarter-on-quarter 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 97.56% 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