Retail trade registered a 5% increase in its sales in April in relation to the same month of 2022, a rate 4.9 points lower than that of the previous month, as reported on Tuesday by the National Institute of Statistics (INE). With the data for April, retail trade sales have a chain of five consecutive months of positive interannual rates.

Within the sector, sales of food products rose 0.9% year-on-year, ending seven consecutive months of negative rates, while sales of other products increased 14.2% compared to April 2022.

Stripping out seasonal and calendar effects, retail trade invoicing increased by 5.5% in the fourth month of the year, a rate 4.4 points lower than that of March.

As regards employment, the sector registered an interannual increase in employment of 1.8% in April, a rate one tenth higher than that of the previous month. With this rebound, employment in retail trade has now accumulated 24 consecutive months of year-on-year increases.

Follow all the information of Five days in Facebook, Twitter and Linkedinor in our newsletter Five Day Agenda