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Informations Rapides · 29 March 2024 · n° 82
Informations rapidesIn January 2024, sales volume in trade decreased by 0.7% Sales volume in wholesale and retail trade - January 2024

In January 2024, the volume of sales in trade dropped by 0.7% over a month, following an increase of 1.4% in December 2023.

Informations rapides
No 82
Paru le :Paru le29/03/2024
Prochaine parution le : 30/04/2024 at 08:45 - February 2024
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Warning

In accordance with the European Business Statistics Regulation (EBS Regulation) and its Implementing Regulation, the index of sales volume in overall trade and the associated turnover indices are now disseminated in reference and base 100 in 2021.

Furthermore, the weights of these indices have been updated. The weights taken into account for the period from January 2018 are thus based on turnover data for 2021 taken from the national accounts. Taking these new weights into account leads to revisions of the indices over the same period.

Finally, the seasonal and working-day adjustment models (SA-WDA) have also been updated over the recent past, in order to improve the quality of the index.

Further information on these changes is available in the Documentation tab of the web version of this publication.

In January 2024, the volume of sales in trade dropped by 0.7% over a month, following an increase of 1.4% in December 2023.

In January 2024, the drop in the volume of sales was mainly due to wholesale and retail trade and repair of motor vehicles and motorcycles

In January 2024, the volume of sales decreased sharply in the wholesale and retail trade and repair of motor vehicles and motorcycles (‑4.7% after +2.2% in December 2023). The drop was particularly marked in the sale of motor vehicles (‑7.1% after +3.5%), in the context of a tightening of the environmental bonus and penalty measures.

The volume of sales also decreased in January 2024 in the wholesale trade except that of motor vehicles and motorcycles (‑0.4% after +2.5%). This decrease was mainly due to the agricultural raw materials and live animals (‑5.6% after +9.3%) and the “other specialised wholesale” (fuels, wood, chemical products, etc.: ‑1.2% after +2.9%).

Lastly, the volume of sales bounced back in January 2024 in retail trade except that of motor vehicles and motorcycles (+1.0% after ‑1.1%), both in specialised stores (+1.3% after ‑0.5%) and non specialised stores (+0.7% after ‑1.1%). The retail trade not in stores remained almost stable after the sharp decrease of December 2023 (+0.1% after ‑5.2%). Within specialised stores, the volume of sales sped up again for the “other goods” (pharmaceutical products, clothing, footwear, etc.: +1.7% after +0.7%). It partially recovered for the “other household equipment” (furniture, hardware, appliances, etc.: +2.3% after ‑3.9%).

Early retail trade estimate for February 2024

According to early estimates, the sales volume in retail trade except that of motor vehicles and motorcycles is expected to have decreased slightly in February 2024 (‑0.2% over a month). From December 2023 to February 2024, it would be 0.2% lower than that of the same three months a year earlier.

Sales volume in wholesale trade and retail trade; repair of motor vehicles and motorcycles

Sales volume in wholesale trade and retail trade; repair of motor vehicles and motorcycles
Motor vehicles and motorcycles - 45 Wholesale - 46 Retail trade - 47 Wholesale and retail trade - G
2024-01 105.94 99.39 101.65 100.96
2023-12 111.19 99.76 100.68 101.63
2023-11 108.82 97.29 101.83 100.22
2023-10 109.59 98.63 100.48 100.7
2023-09 109.29 99.49 100.56 101.17
2023-08 109.46 100.73 100.5 101.89
2023-07 108.43 99.98 101.63 101.63
2023-06 108.06 100.24 101.22 101.62
2023-05 107.24 99.69 100.73 101.05
2023-04 104.71 97.25 99.93 99.07
2023-03 105.54 98.69 101.85 100.56
2023-02 104.69 100.01 101.55 101.11
2023-01 103.97 100.44 101.45 101.23
2022-12 102.62 100.05 101.57 100.85
2022-11 102.37 102.59 101.99 102.39
2022-10 101.49 101.27 102.89 101.77
2022-09 102.88 102.33 104.72 103.1
2022-08 101.78 101.5 103.16 102.02
2022-07 95.43 100.64 101.38 100.13
2022-06 96.27 101.98 103.46 101.61
2022-05 96.71 100.78 104.15 101.19
2022-04 95.77 102.38 104.26 102.0
2022-03 97.81 103.36 103.58 102.65
2022-02 99.37 103.43 103.12 102.77
2022-01 100.69 101.88 102.78 101.97
2021-12 100.21 100.18 102.98 101.0
2021-11 99.88 102.5 102.8 102.22
2021-10 99.54 100.64 102.59 101.06
2021-09 99.02 99.96 101.6 100.31
2021-08 100.16 100.38 101.93 100.8
2021-07 99.24 101.02 101.34 100.86
2021-06 101.59 102.41 101.4 102.0
2021-05 97.38 98.28 99.21 98.42
2021-04 100.26 98.32 92.44 96.89
2021-03 101.4 99.53 98.81 99.59
2021-02 99.11 97.89 97.69 98.0
2021-01 102.21 98.89 97.2 98.86

Sales volume in wholesale trade and retail trade; repair of motor vehicles and motorcycles

  • Sources: DGFiP, INSEE

Sales volume in wholesale trade and retail trade; repair of motor vehicles and motorcycles

SA-WDA volume, Base year 2021
Sales volume in wholesale trade and retail trade; repair of motor vehicles and motorcycles (SA-WDA volume, Base year 2021)
Nace Classification Weight Jan. 2024 Change in %
Jan. 2024/Dec. 2023 Dec. 2023/Nov. 2023 q-o-q(1) y-o-y(2)
G Wholesale and retail trade; repair of motor vehicles and motorcycles 10,000 101.0 -0.7 1.4 -0.3 -0.5
45 Wholesale and retail trade and repair of motor vehicles and motorcycles 1,397 105.9 -4.7 2.2 -0.7 5.5
451 Sale of motor vehicles 901 107.3 -7.1 3.5 -0.9 9.4
452 Maintenance and repair of motor vehicles 103 102.9 -2.4 2.0 0.9 -0.3
453 Sale of motor vehicle parts and accessories 363 105.0 1.3 -1.2 -0.4 -1.0
454 Sale, maintenance and repair of motorcycles and related parts and accessories 30 87.4 -6.5 0.5 -4.8 -9.5
46 Wholesale trade, except of motor vehicles and motorcycles 5,703 99.4 -0.4 2.5 -0.8 -2.2
461 Wholesale on a fee or contract basis 872 96.6 0.1 2.4 1.6 4.5
462 Agricultural raw materials and live animals 307 106.0 -5.6 9.3 2.4 3.2
463 Food, beverages and tobacco 1,046 94.0 0.3 0.9 -2.2 -3.6
464 Household goods 1,129 106.1 0.9 3.2 0.6 -2.3
465 Information and communication equipment 331 102.2 0.4 3.6 -1.4 -7.2
466 Other machinery, equipment and supplies 748 105.5 -0.4 0.2 -0.4 2.2
467 Other specialised wholesale 1,161 93.0 -1.2 2.9 -4.0 -8.7
469 Non specialised wholesale trade 111 101.7 -1.4 2.0 1.8 2.9
47 Retail trade, except of motor vehicles and motorcycles 2,900 101.7 1.0 -1.1 0.9 -0.3
471 Retail sale in non-specialised stores 1,002 99.3 0.7 -1.1 0.1 -0.4
472 to 477 Retail sale in specialised stores 1,621 104.4 1.3 -0.5 1.2 -0.5
472 Food, beverages and tobacco in specialised stores 223 93.3 -0.7 -0.5 -0.2 -2.3
473 Automotive fuel in specialised stores 266 97.6 0.6 0.7 3.0 -3.2
474 Information and communication equipment in specialised stores 55 117.2 -0.3 -4.7 4.3 7.4
475 Other household equipment in specialised stores 296 89.0 2.3 -3.9 0.2 -7.2
476 Cultural and recreation goods in specialised stores 110 110.4 2.3 -0.2 0.6 0.0
477 Other goods in specialised stores 671 115.7 1.7 0.7 1.3 2.8
478 and 479 Retail trade not in stores 277 93.9 0.1 -5.2 1.5 1.7
  • (1) Quarter-on-quarter: last three months / previous three months.
  • (2) Year-on-year: last three months / same three months of previous year
  • Sources: DGFiP, INSEE

From November 2023 to January 2024, the volume of sales decreased by 0.5% compared to the same three months a year before

The volume of sales of the three months under review (November 2023 to January 2024) in overall trade was 0.5% lower than that of the same period a year earlier. This drop was more marked in wholesale trade except that of motor vehicles and motorcycles (‑2.2%) than in retail trade except that of motor vehicles and motorcycles (‑0.3%). Conversely, the volume of sales increased strongly in the trade and repair of motor vehicles and motorcycles (+5.5%). Within retail trade, the volume of sales decreased both in specialised stores (‑0.5%) and non-specialised stores (‑0.4%), while it grew in retail trade not in stores (+1.7%).

Revisions

The monthly percentage change in the overall sales volume trade in December 2023 has been revised upwards by 0.7 points (after rounding), to +1.4%.

Revision of variationsin percentage points

Revision of variations
Dec. 2023/Nov. 2023 Nov. 2023/Oct. 2023 Oct. 2023/Sept. 2023 Q4 2023/Q3 2023 2023/2022
G Overall trade 0.67 0.17 -0.24 0.10 0.01
Raw series -0.34 -0.40 -0.05 -0.03 0.00
SA-WDA parameters 1.01 0.57 -0.19 0.13 0.01
  • How to read: in the “wholesale and retail trade; repair of motor vehicles and motorcycles”, the SA-WDA variation between November and December 2023 is revised by +0.67 points. -0.34 points are due to the raw series’ revision and +1.01 points to the new calculation of the SA-WDA parameters. In particular, the updating of weights is included in the revision of raw data.
  • Sources: DGFiP, INSEE

For more information

Next issue: 30 April 2024 at 08:45 am.

Documentation

Index of sales in trade (new base year 2021) (pdf,173 Ko)

Turnover index and Sales volume index in trade

Insee Méthodes n° 143 - June 2023: Turnover indices, indices of services production and volume of sales indices for trade (pdf,2 Mo)

Pour en savoir plus

: bureau-de-presse@insee.fr
:

Time series: Sales volume in wholesale and retail trade (base 2021)

Time series: Turnover index in wholesale and retail trade (base 2021)

Informations Rapides: Sales volume in wholesale and retail trade

Insee Méthodes n° 143 - June 2023: turnover in industry and construction, index of services production and sales volume in wholesale and retail trade

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