Sales of fuels, food, beverages and tobacco, the main growth engine for retail turnover in 2017

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As against 2016, the retail turnover volume (excluding the trade with motor vehicles and motorcycles), gross series, registered an increase of 10.7 percent last year due to the increases registered by the sale of non-food products (+13.2 percent), by the retail of automotive fuel in specialised stores (+12.4 percent) and by the sale of food, beverages and tobacco (+6.8 percent), National Institute of Statistics (INS) informs.

In 2016, the retail turnover increased by 13.5 percent compared to the previous year, the highest rate since 2007. In 2015, the retail turnover grew by 8.9 percent over the previous year, after an advance of 7 percent in 2014.

As against December 2016, in December 2017 the retail turnover volume (excluding the trade with motor vehicles and motorcycles), gross series, registered an increase of 13.4 percent due to the increases registered by the sale of non-food products (+15.5 percent), by the retail of automotive fuel in specialised stores (+14.5 percent) and by the sale of food, beverages and tobacco (+10.3 percent).    

Compared to the previous month, in December 2017 the retail turnover volume (excluding the trade with motor vehicles and motorcycles), gross series, globally increased by 7.0 percent due to the increases registered by the sale of food, beverages and tobacco (+15.7 percent) and by the sale of non-food products (+6.5 percent). The retail of automotive fuel in specialised stores decreased by 5.6 percent.  

Retail sales were boosted by government tax measures in 2015, 2016 and 2017, which lowered the taxes and increased the budget salaries, pensions and minimum wages.

 

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