Increase in retail sales

Published:

The seasonally-adjusted volume index of retail sales increased by 2 percent from January 2020 to February 2020. This follows an increase of 0.5 percent from December 2019 to January 2020.

Written by: Anders Falla Aas

The long-term trend in the retail sales now shows a peak in the summer of 2019, followed by a decrease in the fall, and flat development over the last few months. The effects of the coronavirus are, however, expected to impact retail sales starting in March so this flat development is likely to be temporary.

Figure 1. Retail sales volume index, seasonally adjusted and trend. 2015=100

Retail trade, except sales of motor vehicles seasonally adjusted Retail trade, except sales of motor vehicles trend
Jan. 2014 99.0 99.1
Feb. 2014 99.6 99.4
March 2014 100.1 99.7
April 2014 100.7 100.0
May 2014 99.8 100.2
June 2014 100.9 100.2
July 2014 99.0 100.2
Aug. 2014 99.9 100.2
Sep. 2014 100.3 100.2
Oct. 2014 100.1 100.2
Nov. 2014 99.9 100.2
Dec. 2014 100.8 100.4
Jan. 2015 100.0 100.5
Feb. 2015 100.8 100.6
March 2015 100.9 100.7
April 2015 103.5 100.6
May 2015 98.7 100.5
June 2015 100.1 100.3
July 2015 100.4 100.3
Aug. 2015 100.9 100.3
Sep. 2015 100.1 100.3
Oct. 2015 100.8 100.4
Nov. 2015 100.3 100.4
Dec. 2015 100.2 100.3
Jan. 2016 100.8 100.1
Feb. 2016 99.7 99.8
March 2016 99.0 99.6
April 2016 98.9 99.4
May 2016 99.9 99.4
June 2016 99.9 99.4
July 2016 99.1 99.5
Aug. 2016 99.6 99.7
Sep. 2016 99.8 99.9
Oct. 2016 100.9 100.1
Nov. 2016 100.2 100.3
Dec. 2016 98.3 100.5
Jan. 2017 100.1 100.8
Feb. 2017 101.3 101.0
March 2017 101.4 101.3
April 2017 101.1 101.6
May 2017 102.6 101.7
June 2017 102.5 101.7
July 2017 102.3 101.7
Aug. 2017 101.9 101.8
Sep. 2017 101.2 101.8
Oct. 2017 101.6 101.9
Nov. 2017 102.9 102.1
Dec. 2017 102.6 102.3
Jan. 2018 102.0 102.5
Feb. 2018 102.5 102.6
March 2018 102.4 102.7
April 2018 102.9 102.7
May 2018 105.3 102.8
June 2018 102.1 102.8
July 2018 102.4 102.7
Aug. 2018 102.9 102.6
Sep. 2018 102.4 102.6
Oct. 2018 102.3 102.5
Nov. 2018 102.9 102.5
Dec. 2018 101.7 102.4
Jan. 2019 103.2 102.4
Feb. 2019 101.5 102.5
March 2019 102.4 102.6
April 2019 104.3 102.7
May 2019 102.9 102.9
June 2019 102.4 103.1
July 2019 103.2 103.2
Aug. 2019 103.3 103.2
Sep. 2019 103.3 103.0
Oct. 2019 102.4 102.9
Nov. 2019 103.4 102.8
Dec. 2019 101.1 102.7
Jan. 2020 101.6 102.7
Feb. 2020 103.6 102.8

Seasonally-adjusted figures show that retail sales volume decreased by 0.9 percent in December 2019 to February 2020, compared to September 2019 to November 2019.

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