Retail sales continue nine months of growth and rise 7% in August

Retail sales recorded a growth of 7% in the month of August this year compared to the same period in 2022. Retail trade continues like this the upward trendthis time with a preview less accentuated than in the month of July, when the interannual rate was seven tenths above.

In spite of the growth slowdownthis last data represents a ninth consecutive month in which a positive interannual ratewith sustained increases in retail sales since the last month of 2022according to data offered this Thursday by the National Institute of Statistics (INE).

Regarding the differences in sales between the segments of the sector, the food products they saw growth softer than the rest of the products. Specifically, the food sales in retail stores they grew only 2.8% compared to last year versus 17% increase from the rest of products.

Employment also increases

Eliminating the seasonal effects and calendar, retail trade turnover increased by 7.2% in the eighth month of the year, a rate a tenth lower to July.

As soon as to employmentthe sector registered in August a year-on-year increase in occupancy of 1.7%, rate three tenths lower than the previous month. With this rebound, retail employment accumulates 28 months consecutive year-on-year increases.

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