Q1 retail sales figures (sales converted to volume) show growth in two out of three main commodity groups, compared to Q1 2019. ‘Groceries and non-alcoholic drinks’ increased by 12%, ‘Furnishings and household equipment’ went up by 7%, but ‘clothing and footwear’ decreased by 10%.
Although the Q1 figures only include just over two weeks of the Covid-19 lockdown period, there are significant changes compared to Q1 2019.
A particularly notable feature of these statistics is that sales of clothing and footwear went down considerably (-10%). After steady average price levels in the past 10 years, the average price has increased slightly over the past year. Taking this slight increase into account, the sales volume has gone down by 12% in Q1 2020 compared to Q1 2019.
Sales in the ‘groceries and non-alcoholic drinks’ category went up by 12% from Q1 2019 to Q1 2020. The average price increase in this category was 2.6% over the past year, and converted to volume, there was a 9% increase on Q1 2019.
Furnishings and household equipment] The ‘furnishings and household equipment’ category has seen a bigger sales increase in the past decade than the ‘clothing and footwear’ category. Prices in the ‘furnishings and household equipment’ category have gone down slightly over the past decade, and when converted to volume, the sales figures for ‘furnishings and household equipment’ are significantly higher than in the other two retail categories. This category has seen a 7% increase in sales from Q1 2019 to Q1 2020.