Tourism helps consumption, retail trade, annual growth 5.9% in April-June
2024-09-14 12:37:32
TiranaPost
Retail sales, an early indicator of economic growth, had performed well in the second quarter of 2024.
According to today's INSTAT data, the retail trade volume index, calculated based on the deflation of the value sales index, reached 110.3, marking a 5.9% increase, compared to the second quarter of 2023 .
This seasonally adjusted indicator has increased by 2.0%, compared to the previous quarter. Consumption has been significantly helped by the increase in the number of tourists this year. In the first 6 months of the year, 4.5 million foreign tourists entered Albania or 34% more than the same period of 2023.
In retail trade, excluding hydrocarbon retail trade, sales volume in the second quarter of 2024 has increased by 6.2%, compared to the second quarter of 2023.
In the group "Food, beverages, tobacco in non-specialized and specialized commercial units", the sales volume has increased by 5.6%, compared to the same quarter of 2023.
The volume of sales, for the group "Non-food items in specialized and non-specialized commercial units", has increased by 6.8%, compared to the same period of the previous year.
In the group "Hydrocarbon trade in specialized commercial units", the sales volume has increased by 5.3%, compared to the same quarter of 2023.
In the annual change of +5.9%, in the second quarter of 2024 compared to the second quarter of 2023, in retail trade, the groups have contributed as follows: "Non-food items in specialized and non-specialized trade units" with + 2.7 percentage points. The group "Food, beverages and tobacco in non-specialized and specialized commercial units" contributed with +1.9 percentage points and the group "Retail trade of hydrocarbons in specialized commercial units" with +1.3 percentage points.
In the second quarter 2024, the seasonally adjusted sales volume in the group "Retail trade, excluding retail trade of hydrocarbons in specialized trade units", has increased by 1.2%, compared to the previous quarter.
In the group "Food, drinks, tobacco in non-specialized and specialized commercial units", the sales volume, seasonally adjusted, has increased by 1.4%, compared to the previous quarter.
The volume of sales, seasonally adjusted, in retail trade, for the group "Non-food items in specialized and non-specialized trade units", has increased by 1.2%, compared to the previous quarter.
In the group "Hydrocarbon retail trade in specialized commercial units", the seasonally adjusted sales volume increased by 4.8%, compared to the previous quarter.
*This article was published by Monitor.al and reposted by Tiranapost.al
