retail sales – Muhasebe News

Slovenia’s retail sales have dropped the most in almost two years

MuhasebeNews — Wed, 26 Apr 2023 10:46:45 +0000

At the monthly level higher, at the annual notably lower

Volume turnover in retail trade in March increased by 0.4% at the monthly level. In retail trade with automotive fuel it declined by 1.6%, in retail trade with food products by 1.1% and in retail trade with non-food products by 0.7%.

Due to the comparison with March 2022 influenced by the war in Ukraine, at the annual level volume turnover declined by 12.7%. In retail trade with automotive fuel, it went down by 16.8%, in retail trade with non-food products by 11.2% and in retail trade with food products by 8.3%.

In the first quarter of this year, turnover declined by 0.5% compared to the same period of the previous year. In retail trade with food products it declined by 6.0% and in retail trade with non-food products by 4.3%, while in retail trade with automotive fuel it grew by 6.9%.

Turnover from trade and repair of motor vehicles up

Volume turnover from trade and repair of motor vehicles grew by 2.5% at the monthly and by 18.7% at the annual level. In the first quarter of the year, it increased as well, namely by 13.9%.

Source: Statistical Office of the Republic of Slovenia
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Retail Sales in Denmark Drop 0.3%

MuhasebeNews — Thu, 30 Mar 2023 08:13:53 +0000

According to preliminary statistics from Statistics Denmark, retail sales in Denmark decreased in February as a result of a drop in the demand for groceries, food, and clothing.

After increasing by 2.2 percent in January, retail revenue decreased by 1.3 percent month over month in February.

Food and other grocery sales fell by 1.5 percent on a weekly basis in February.

While other consumables saw a 1.0 percent increase in revenue, clothing saw a 2.0 percent decline.

Following a 6.0 percent decline in January, retail revenue fell 4.3 percent in February on an annual basis.

Retail sales fell 6.2 percent yearly and contracted 0.8 percent from the prior three months from December to February.

Source: RTT NEWS
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

Retail sales in Canada increased 1.4% to $66.4 billion in January; increase was led by higher sales at motor vehicle and parts dealers

MuhasebeNews — Mon, 27 Mar 2023 07:47:21 +0000

Retail sales increased 1.4% to $66.4 billion in January. Sales increased in seven of nine subsectors, representing 88.7% of retail trade. The increase was led by higher sales at motor vehicle and parts dealers (+3.0%) and gasoline stations and fuel vendors (+2.9%).

Core retail sales—which exclude gasoline stations and fuel vendors and motor vehicle and parts dealers—increased 0.5% in January.

In volume terms, retail sales increased 1.5% in January.

As of the January 2023 reference period, Monthly Retail Trade Survey (MRTS) figures are now based on the 2022 North American Industry Classification System (NAICS 2022) classification structure. This new classification structure has, in effect, broadened the scope of the MRTS. While the seasonal variation for many subsectors and store types is relatively unchanged, new sales level estimates reflect the inclusion of this new wider scope of retailers.

Given the continually evolving economic situation, Statistics Canada is providing an advance estimate of retail sales, which suggests that sales decreased 0.6% in February. Owing to its early nature, this figure will be revised. This unofficial estimate was calculated based on responses received from 51.0% of companies surveyed. The average final response rate for the survey over the previous 12 months has been 89.9%.

Higher sales at motor vehicle and parts dealers drive retail sales

Sales were up 3.0% at motor vehicle and parts dealers in January, a sixth consecutive monthly increase. The gain was led by higher sales at new car dealers (+3.0%), which posted its second largest increase since May 2022. Also contributing to the gain in January 2023 were higher sales at other motor vehicle dealers (+8.9%) and used car dealers (+0.7%).

Following the decline in December—the largest since July 2022—sales at gasoline stations and fuel vendors increased 2.9% in January 2023. In volume terms, sales at gasoline stations and fuel vendors decreased 0.6%. Gasoline prices rose 4.7% on an unadjusted basis in January, largely related to refinery closures in the southwestern United States following winter storm Elliott.

Core retail sales rise on strength from food and beverage retailers

Core retail sales rose 0.5% in January, with food and beverage retailers leading the increase. Sales were up in three of four store types, namely at beer, wine and liquor retailers (+2.3%), convenience retailers and vending machine operators (+6.0%) and specialty food retailers (+3.3%). The Consumer Price Index noted prices for food purchased from stores were up 10.4% on a year-over-year basis in January.

Also contributing to the increase in core retail sales in January were higher sales at clothing, clothing accessories, shoes, jewellery, luggage and leather goods retailers (+1.8%). The increase was led by higher sales at clothing and clothing accessories retailers (+2.2%), the latter recording the largest increase since February 2022.

Sporting goods, hobby, musical instrument, book, and miscellaneous retailers (-1.2%) posted the largest decline to core retail sales in January 2023. Sales have declined in this subsector for five of the seven months preceding January.

Sales up in all provinces

Retail sales increased in all provinces in January. The largest provincial increase was observed in Alberta (+2.9%), led by higher sales at motor vehicle and parts dealers.

In Ontario, retail sales increased 0.7% in January and were led by higher sales at motor vehicle and parts dealers as well as food and beverage retailers.

In January, retail sales were up 1.8% in British Columbia and were also led by motor vehicle and parts dealers. In the Vancouver census metropolitan area, sales were up 3.4%.

Retail e-commerce sales in Canada

On a seasonally adjusted basis, retail e-commerce sales were down 0.1% to $3.3 billion in January, accounting for 5.0% of total retail trade compared with 5.1% in December.

Source: Statistics Canada
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

Turkey maintained the upward trend in industrial production, retail sales and total turnover indices in 2020 July

MuhasebeNews — Tue, 15 Sep 2020 10:11:40 +0000

Turkey’s Economy on a Steady Path, Show Industry Figures of July

Freeing itself from the devastating impacts of the COVID-19 outbreak, Turkey maintained the upward trend in industrial production, retail sales and total turnover indices in 2020 July.

Turkey’s industrial production index in July 2020 posted a 4.4 percent increase year-on-year, said Turkish Statistical Institute (TurkStat). From a sector-based perspective, manufacturing index took the lead with a 5.1 percent increase, while electricity, gas, steam and air conditioning supply indices rose by 1.4 percent in July.

Also, in comparison with the same month of 2019, retail sales volume boosted by 11.9 percent in July 2020. Sales of food, drinks and tobacco was on a rise of 12.3 percent, whereas non-food sales increased by 13.9 percent.

Meanwhile, Turkey’s total turnover index, including industry, construction, trade and services sectors, annually jumped by 20.2 percent in the same month. While the increase posted by the industry sector was 20.2 percent, construction and trade sectors completed the month with a rise of 14.9 percent and 32.9 percent y-o-y.

Source: Investment Office of Republic of Turkey
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

Retail sales volume increased by 2.7%

MuhasebeNews — Fri, 15 Nov 2019 07:25:23 +0000

Retail Sales Indices, September 2019, in Turkey

Retail sales volume increased by 2.7% compared with the same month of previous year

Calendar adjusted retail sales volume with constant prices increased by 2.7% in September 2019 compared with the same month of previous year. In the same month non-food (except automotive fuel) sales increased by 4.7%, automotive fuel sales increased by 4.4%, food, drinks and tobacco sales decreased by 2%.

Calendar adjusted retail sales volume annual rate of change, September 2019
[2015=100]
Retail sales volume increased by 0.6% compared with the previous monthSeasonal and calendar adjusted retail sales volume with constant prices increased by 0.6% in September 2019 compared with the previous month. In the same month food, drinks and tobacco sales increased by 0.7%, non-food (except automotive fuel) sales increased by 0.6%, automotive fuel sales increased by 0.7%.

Seasonal and calendar adjusted retail sales volume monthly rate of change, September 2019
[2015=100]

Retail turnover increased by 11.2% compared with the same month of previous year

Calendar adjusted retail turnover with current prices increased by 11.2% in September 2019 compared with the same month of previous year. In the same month food, drinks and tobacco sales increased by 16.1%, non-food (except automotive fuel) sales increased by 12.3%, automotive fuel sales increased by 1.8%.

Retail turnover increased by 1.2% compared with the previous month

Seasonal and calendar adjusted retail turnover with current prices increased by 1.2% in September 2019 compared with the previous month. In the same month food, drinks and tobacco sales increased by 1.2%, non-food (except automotive fuel) sales increased by 2.1%, automotive fuel sales decreased by 1%.

Retail sales indices, September 2019
[2015=100]

The next release on this subject will be on December 16, 2019.

Source: TÜİK
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

Retail Sales Indices, July 2019 in Turkey

MuhasebeNews — Mon, 16 Sep 2019 11:00:26 +0000

Retail Sales Indices, July 2019 in Turkey

Retail sales volume decreased by 3.7% compared with the same month of the previous yearCalendar adjusted retail sales volume with constant prices decreased by 3.7% in July 2019 compared with the same month of the previous year. In the same month food, drinks and tobacco sales decreased by 1%, non-food (except automotive fuel) sales decreased by 4.5%, automotive fuel sales decreased by 5%.

Calendar adjusted retail sales volume annual rate of change, July 2019
[2015=100]

Retail sales volume decreased by 1.5% compared with the previous month

Seasonal and calendar-adjusted retail sales volume with constant prices decreased by 1.5% in July 2019 compared with the previous month. In the same month non-food (except automotive fuel) sales decreased by 2.8%, automotive fuel sales decreased by 0.3%, food, drinks and tobacco sales remained stable.

Seasonal and calendar-adjusted retail sales volume monthly rate of change, July 2019
[2015=100]

Retail turnover increased by 13.2% compared with the same month of the previous year

Calendar adjusted retail turnover with current prices increased by 13.2% in July 2019 compared with the same month of the previous year. In the same month food, drinks and tobacco sales increased by 18%, non-food (except automotive fuel) sales increased by 13.7%, automotive fuel sales increased by 5.8%.

Retail turnover increased by 0.8% compared with the previous month

Seasonal and calendar-adjusted retail turnover with current prices increased by 0.8% in July 2019 compared with the previous month. In the same month food, drinks and tobacco sales increased by 1.8%, automotive fuel sales increased by 2.8%, non-food (except automotive fuel) sales decreased by 0.5%.

Retail sales indices, July 2019
[2015=100]

The next release on this subject will be on October 15, 2019.

Retail Sales Indices, March 2019

MuhasebeNews — Wed, 15 May 2019 12:07:19 +0000

Retail Sales Indices, March 2019

Retail sales volume decreased by 3.8% compared with the same month of previous yearCalendar adjusted retail sales volume with constant prices decreased by 3.8% in March 2019 compared with the same month of previous year. In the same month food, drinks and tobacco sales decreased by 0.6%, non-food (except automotive fuel) sales decreased by 5.4%, automotive fuel sales decreased by 4.1%.

Calendar adjusted retail sales volume annual rate of change, March 2019
[2015=100]

Retail sales volume increased by 1% compared with the previous month

Seasonal and calendar adjusted retail sales volume with constant prices increased by 1% in March 2019 compared with the previous month. In the same month food, drinks and tobacco sales increased by 1.1%, non-food (except automotive fuel) sales increased by 1.7%, automotive fuel sales decreased by 0.8%.

Seasonal and calendar adjusted retail sales volume monthly rate of change, March 2019 [2015=100]

Retail turnover increased by 16.3% compared with the same month of previous year

Calendar adjusted retail turnover with current prices increased by 16.3% in March 2019 compared with the same month of previous year. In the same month food, drinks and tobacco sales increased by 19%, non-food (except automotive fuel) sales increased by 15.8%, automotive fuel sales increased by 13.8%.

Retail turnover increased by 3% compared with the previous month

Seasonal and calendar adjusted retail turnover with current prices increased by 3% in March 2019 compared with the previous month. In the same month food, drinks and tobacco sales increased by 2%, non-food (except automotive fuel) sales increased by 3.7%, automotive fuel sales increased by 2.7%.

Retail sales indices, March 2019
[2015=100]

The next release on this subject will be on June 18, 2019.

Invoice?

MuhasebeNews — Mon, 22 Oct 2018 13:28:05 +0000

1- What is the Meaning of Invoice?
Invoice is a document given from the seller to the customer in exchange for sold goods and services. It shows the amount of debit and regarded as a commercial document.

2- What kind of data should be written in an invoice?
The data that should be written in an invoice are listed below:

Date – Serial Number – Item Number
1. Invoice Date
2. Serial Number
3. Item Number

Seller’s Data
1. Seller’s Name, Trade Name (If any)
2. Seller’s Work Address
3. Seller’s Tax Office and Tax Number

Customer’s Data
1. Customer’s Name, Trade Name
2. Customer’s address
3. Tax Office and Tax Number (If any)

Type – Amount – Price – Sum
1. Type of product or service
2. Amount, (Number, Kg etc.)
3. Price (Unit Price)
4. Sum

3- Should there be a delivery note number in an invoice?
Delivery date of the goods and delivery note number,
1- should be issued by the seller on condition that the goods are delivered or sent by the seller;
2- should be issued and kept in the vehicle by the customer if the goods are delivered or sent by the customer.

4- How should a delivery note be issued if the goods are delivered to other branches except than the main office?
The person who sends the goods should issue a delivery note if the goods are delivered between more than one offices and branches or to another reseller.

5- Should there be stated price and amount in delivery notes?
No.
It is not compulsory to state price and amount in delivery notes stated above.

6- Should there be written where and to whom the goods are delivered?
No.
There should be written where and to whom the goods are delivered.

7- Is delivery note compulsory for retails sold to final customers?
No.
If final customers, who buy the goods as retail with the intent of consumption, send or deliver the goods, it is not compulsory to issue delivery note on condition that they keep the invoices or retail voucher.

8- What is the legal basis of issuing an invoice?
According to article 232 of the Tax Procedure Law, taxpayers stated in this article are supposed to issue or demand and get invoice for sold goods or services.

9- Is it possible to issue a receipt in order to issue a retail voucher? (Retail voucher-Cash voucher)
If the goods or service costs less than 900 TL, it is possible to issue a retail voucher instead of an invoice.

If customer demands an invoice, the seller should demand an invoice whatever the amount is.

Source: Tax Procedure Law

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

Japan’s Jobless Rate Lowest Since 1994!

MuhasebeNews — Sat, 03 Jun 2017 09:27:40 +0000

Japan’s unemployment rate remained unchanged at the lowest level since 1994 and retail sales advanced unexpectedly in April, official data showed Tuesday.

The jobless rate held steady at 2.8% in April, the lowest since June 1994, the Ministry of Internal Affairs and Communications said.

Source: Republic of Turkey Ministry of Economy

Retail Sales Indices of Turkey, February 2017

MuhasebeNews — Mon, 10 Apr 2017 11:53:24 +0000

Retail sales volume increased by 1.6% compared with the previous month
Seasonal and calendar adjusted retail sales volume increased by 1.6% with constant prices in February 2017 compared with the previous month. In the same month food, drinks and tobacco sales increased by 1%, non-food (except automotive fuel) sales increased by 2.5%, automotive fuel sales increased by 0.6%.

Considering the details of the non-food sectors computers, books, telecommunications equipment sales increased by 3.7%, electronic goods and furniture sales increased by 10.6%, sales via mail orders and internet increased by 5.2%, textiles, clothing and footwear sales decreased by 1.5%, medical goods and cosmetic sales decreased by 7.9% compared with the previous month.

Seasonal and calendar adjusted retail sales volume index, February 2017
[2010=100]
Retail sales volume decreased by 4.4% compared with the same month of previous year
Calendar adjusted retail sales volume with constant prices decreased by 4.4% in February 2017 compared with the same month of previous year. In the same month food, drinks and tobacco sales decreased by 0.9%, non-food (except automotive fuel) sales decreased by 2.7%, automotive fuel sales decreased by 11.6%.

Considering the details of the non-food sectors computers, books, telecommunications equipment sales decreased by 1.3%, electronic goods and furniture sales decreased by 5.2%, textiles, clothing and footwear sales decreased by 1.9%, medical goods and cosmetic sales decreased by 9.8%, sales via mail orders and internet increased by 22.3% compared with the same month of previous year.

Calendar adjusted retail sales volume index, February 2017
[2010=100]
Retail turnover increased by 3% compared with the previous month
Seasonal and calendar adjusted retail turnover with current prices increased by 3% in February 2017 compared with the previous month. In the same month food, drinks and tobacco sales increased by 1.6%, non-food (except automotive fuel) sales increased by 4.2%, automotive fuel sales increased by 2.7%.

Retail turnover increased by 10.1% compared with the same month of previous year
Calendar adjusted retail turnover with current prices increased by 10.1% in February 2017 compared with the same month of previous year. In the same month food, drinks and tobacco sales increased by 10.2%, non-food (except automotive fuel) sales increased by 6.8%, automotive fuel sales increased by 18.1%.

Retail sales indices, February 2017
[2010=100]