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Financial News: Dutch Retail Sales Fall Further Amid Lockdown

Dutch Retail Sales Fall Further Amid Lockdown

03/31/2021 - 03:35:00 (RTTNews)

(RTTNews) - The Netherlands' retail sales decreased for a third straight month in February, but at a slower pace, figures from the statistical office CBS showed Wednesday. Retail sales decreased 2.8 percent year-on-year after a 6.0 percent slump in the previous month. Sales decreased 3.4 percent in December.

Sales volume decreased 4.5 percent compared to a year ago. The latest decline was largely due to the continuing strict lockdown measures to battle thatcoronavirus pandemic that severely hurt sales in the non-food sector. Non-food store sales plummeted 30.3 percent. Food store sales grew 8.7 percent from a year ago. Online sales jumped 103.7 percent annually, which was the strongest growth since the series began in January 2014. Without working-day adjustments, retail sales fell 5.7 percent year-on-year.

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