conjoncture commerce de détail
TRANSCRIPT
BANQUE DE FRANCE – Monthly Business Survey published on 19 October 2021 1
19 October 2021
Strong increases in retail trade in both September and 3rd quarter
Note: The trend in retail sales does not reflect that of total household consumption: the latter includes other items
such as health care, education and rents.
In September, turnover in retail trade rose by 2.8% compared with the previous month after a -3.6 %
downturn in August (in volume, adjusted for seasonal and working-day variations). It stood close to its pre-
crisis level. The improvement was observed in September for both food sales and manufactured goods,
which firmed by 2.3% and 3.0% respectively. Sales increased over the 3rd quarter, by +3.2 % compared
with the previous one. Whereas food sales were stable (-0,4 %), sales of manufactured goods increased
sharply (+9,0 %).
The best performing sectors were press and stationery (15.2%), furniture (9.2%) and perfumes and toilet
preparations (4.8%). Only sales of automotive equipment were down this month (-1.2%).
In terms of distribution channels, sales of small retailers were stable, ticking down by 0.2% while those of large general retailers rose by 3.1%. Final data for distance selling are not yet available for September (they were down in August by -2.2%, after -3.1 % in July).
Bicycles and motorcycles
Games and toys
Books
Sports equipment
Watches, clocks and jewellery
Press and stationeryOptical equipment
Footwear
Automobile equipment
Household appliances
Pharmaceuticals
Furniture
Perfumes and hygiene products
Consumer electronics
New automobiles
DIY
Textiles and clothing
o/w
Manufactured goods
Food products
Total
-21% -20% -19% -18% -17% -16% -15% -14% -13% -12% -11% -10% -9% -8% -7% -6% -5% -4% -3% -2% -1% 0% 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15% 16%
0,9%
1,0%
1,1%
1,5%
1,6%
1,6%
2,1%
2,3%
2,7%
3,0%
3,5%
3,7%
4,5%
4,5%
6,2%
6,6%
10,2%
-
57,1%
42,9%
Weight
Sep 2021 Aug 2021
Total manufactured goods and food sales: M/M-1 change (%)September and August 2021 m-o-m comparison; seasonally and working-day adjusted volume terms
Notes : - Sectors are classified according to the relative weight of the products included in the total aggregate of retail trade (see methodology)- The aggregated and by sub-sector series are seasonally adjusted on an individual basis: the seasonally adjusted series do not represent
the sum of the seasonally adjusted components.
Turnover in retail trade
at the end of September 2021
BANQUE DE FRANCE – Monthly Business Survey published on 19 October 2021 2
Period under review: September 2021
Department stores
Supermarkets
Hypermarkets
o/w
Large general retailers
Small retail stores
-5% -4% -3% -2% -1% 0% 1% 2% 3% 4% 5% 6% 7%
Sep 2021 Aug 2021
Retail trade by certain outlet category: M/M-1 change (%)
September and August 2021 m-o-m comparison; seasonally and working-day adjusted
volume terms.Large general retailers Weight
Hypermarkets 50%
Supermarkets 33%
Distance sales
11%
Department stores
6%
Total manufactured goods and food index in seasonally-adjusted volume terms (100 = 2010)
Distance sales
Source: Fevad and Banque de France index in seasonally-adjusted volume terms (100 = 2010)
60
65
70
75
80
85
90
95
100
105
110
115
Sep-16 Sep-17 Sep-18 Sep-19 Sep-20 Sep-21
Total manufactured goods and food
110
120
130
140
150
160
170
180
190
200
210
220
230
240
Sep-16 Sep-17 Sep-18 Sep-19 Sep-20 Sep-21
distance sales
Provisional data as of the 7th working day following the month under review.
Notes:
- The Fevad and the Banque de France work together to publish the e-commerce figures for France (excluding food). Theactual figure for September will be published as soon as it is available.
- The aggregated and by sub-sector series are seasonally adjusted on an individual basis: the seasonally adjusted series do not represent the sum of the seasonally adjusted components.
- Sectors are classified according to the relative weight of the distribution methods included in the aggregates for small retailstores and large general retailers (see methodology)
- However, the “large general retailer” aggregate is not a sub-aggregate of the “total manufactured and food product” index.Rather, it is an independent index that covers the overall turnover of hypermarkets, supermarkets, department stores anddistance selling. It does not include national chains.
For further details, see sectoral level information, methodology, publications calendar and contacts
Find the series on the website of the Bank of France in Webstat Banque de France database.
Subscription to Business surveys can be requested to www.banque-france.fr