The retail trade in Austria (without sale of vehicles) has implemented more with the difficult framework conditions in the previous year.
Turnover rose nominal by 2.1 percent, the plus was 0.5 percent adjusted (really), said the Statistics Austria. Turnover when acting in food (including drinks and tobacco products) increased considerably by a plus 4.3 percent (real: 1.7 percent), for non-foods the plus dropped by 1.4 percent (real: 0.2 percent) smaller.
After a decrease in real turnover in the first half of the year, the retail trade was able to accommodate the speed at the end of the year. “In the 4th quarter, the store turnover rose nominal by 3.2 percent compared to the last quarter of 2023, and there was an increase of 2.5 percent. The balance is also somewhat positive for the entire year 2024, “said Statistics Austria, general manager Tobias Thomas, was satisfied according to Thursday. In the fourth quarter alone, the food trade made an increase in turnover of 5.5 (real: 3.4) percent in the same period last year, and the trade in non-food foods achieved an increase of 3.1 (real: 2.7) percent.
Final data for November, retail revenue plus 4.1 percent
The latest data is available for November. In the month, the sale of the retail trade was 4.1 (real: 3.3) percent. On the other hand, it went less well in other commercial sectors. Wholesaler registered a turnover of 4.2 percent of the same month last year, and there was a decrease of 2.4 percent in the field of car trade and repair. The turnover for the entire trade division fell by 1.3 in November (real: 3.1) percent.
In November, service companies, on the other hand, wrote a nominal increase in the revenue increase of 1.6 percent. The highest turnover increased the areas of accommodation and gastronomy by 7.9 percent and traffic with an increase of 4.3 percent, according to the statistics.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
