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Did the increase in tourism affect retail trade?

2024-09-14 09:49:31Biznes SHKRUAR NGA REDAKSIA VOX

Did the increase in tourism affect retail trade?

The index of sales volume in retail trade, excluding inflation during the second quarter of 2024, increased by 5.9%, compared to the second quarter of last year, INSTAT reported.

In retail trade, excluding hydrocarbon retail trade, the volume of sales in the second quarter of 2024 is 6.2% more than a year ago. Specifically, for the group that includes "Food, beverages and tobacco in non-specialized and specialized commercial units", the sales volume registered an increase of 5.6%.

In the group "Non-food items in specialized and non-specialized trade units", an even higher increase of 6.8% was observed. Meanwhile, for "Hydrocarbon trade in specialized commercial units", the sales volume has recorded an increase of 5.3%. This is less than the overall increase in retail trade, but still shows a steady demand for fuels.

"Scan Intel" has analyzed the figures to understand how the main groups affected the overall growth of retail trade. According to the data, the group of "Non-food items in specialized and non-specialized trade units" was among the most sensitive, contributing 2.7 pp to the total increase. The group "Food, beverages and tobacco in non-specialized and specialized commercial units" has also made a significant contribution of 1.9 pp. Whereas, "Retail trade of hydrocarbons in specialized commercial units" has contributed with 1.3 percentage points.

On the other hand, the volume of sales, seasonally adjusted, in the group "Retail trade, excluding retail trade of hydrocarbons in specialized commercial units", has increased by 1.2%. compared to the previous quarter. Meanwhile, in the main groups compared to the first quarter of 2024, the changes are as follows:

In the group "Non-food items in specialized and non-specialized trade units", sales have increased by 1.2%, followed by the group "Food, beverages, tobacco in non-specialized and specialized trade units" where the sales volume, seasonally adjusted shows an increase of 1.4%.

Whereas, in the group "Hydrocarbon retail trade in specialized commercial units", the seasonally adjusted sales volume has increased approximately 3 times higher than in the above groups. Specifically, the increase in sales volume for this group during the second quarter of the current year is estimated to be 4.8% higher than in the previous quarter.

 

 


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