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Financial News: Dutch Retail Sales Growth Accelerates In November

Dutch Retail Sales Growth Accelerates In November

12/31/2020 - 00:53:00 (RTTNews)

(RTTNews) - Dutch retail sales growth accelerated in November driven by higher turnover in both food and non-food sectors, data published by the Central Bureau of Statistics showed Thursday.

Retail turnover climbed 9.6 percent on a yearly basis in November, following a 7.3 percent rise in October. This was the seventh consecutive rise in turnover. Turnover in food stores as well as non-food stores climbed 5.9 percent each from the previous year. Online turnover surged 55.5 percent.

Meanwhile, adjusted turnover grew at a slower pace of 5.4 percent after expanding 9 percent in October.

Data showed that sales volume was 8.4 percent higher than in November 2019.

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