Sales by Dutch retailers increased in the third quarter. According to the Central Bureau of Statistics (CBS), this was an increase of more than 3 percent compared to the same period a year earlier. The turnover of clothing stores increased the most. The turnover of the industrial sector also increased by 15 percent.
Clothing stores sold 12 percent more in the third quarter. That sector was hit hard by the corona crisis last year. Shoe stores also sold more and turned over more recently. The non-food sector as a whole booked more than 4 percent more turnover.
Stores that sell consumer electronics saw slightly less annual turnover in the past quarter. This was also the case in the previous two quarters.
The food sector recorded 2 percent less turnover because supermarkets sold less. At food specialty stores, the yields were slightly higher than one year previously. Since the start of the corona crisis, supermarkets and specialty stores have recorded higher quarterly sales compared to the previous year. This is because customers spent more money on more luxurious products because the catering industry remained closed for large parts of 2020.
Online retail sales rose 10 percent in the third quarter from a year earlier. According to Statistics Netherlands, this is the lowest turnover growth in seven years. Internet sales have steadily increased since the coronavirus outbreak in March 2020.
Industry turnover also increased
Industry turnover rose by more than 15 percent in the third quarter of this year compared to the same quarter a year earlier. This was mainly due to the plus that refineries and chemicals booked. Sales in these branches were partly helped by the sharp rise in selling prices, Statistics Netherlands reported in a quarterly report on the industry.
Refineries and chemicals accounted for a turnover increase of more than 47 percent. This was mainly due to the petroleum and chemical industries, which generated 93 and 37 percent more turnover, respectively. Selling prices rose by 60 and 36 percent. Metals and paper and the graphics sector also performed much better than a year earlier.
In most industrial sectors, revenues were higher than a year earlier. However, this was not the case for the transport sector. Manufacturers of cars, trailers and semi-trailers saw annual sales fall by almost a quarter. There was less sales, especially abroad. The producers of other means of transport such as trains, ships, airplanes and mopeds saw their turnover rise by a fifth.
The number of pronounced bankruptcies in the industry was 22, much less than a year earlier. At that time 58 bankruptcies were pronounced in the industry.
A quarter of industrial companies expect higher turnover in the coming months. This means that on average they are a bit more positive about turnover compared to the previous quarter. The number of companies that expect to hire more people also increased.
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