Macedonia’s September retail sales post first y/y growth in 18 months

By bne IntelliNews November 17, 2014

Macedonia’s retail sales returned to a y/y growth (in real terms) for the first time in 18 months, rising 2.3% y/y in September, statistics office data showed. In August, retail sales fell 3.8% y/y.

Sales of food, beverages and tobacco grew 5.1% y/y in September, while sales of non-food products (except fuel) fell 4.6% y/y and fuel sales contracted 3.7% y/y.

In nominal terms, total retail sales went up 1.4% y/y in September, reversing a 4.6% y/y drop the month before. Retail trade accounted for 41.3% of the total distributive trade turnover.

Wholesale trade turnover rose by a nominal 34.4% y/y in September, slightly accelerating from a 33.2% y/y growth in August. The sub-sector accounted for 52.8% of the total turnover.

Turnover of trade and repair of motor vehicles and motorcycles expanded by a nominal 24.5% y/y in September, speeding up from a 6.7% y/y growth in the previous month. The sub-sector accounted for 5.6% of the total turnover.

Distributive trade turnover, % y/y      
  Jul'14 Aug'14 Sep'14
Motor vehicles and motorcycles, nominal 15.7 6.7 24.5
Wholesale trade, nominal 22.8 33.2 34.4
Retail trade      
- nominal -5.9 -4.6 1.4
- real -5.9 -3.8 2.3
Source: Statistics office      
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