Page 100 - Economic report 2020

BUSINESSES’ OPINIONS ON DEVELOPMENTS IN THE RETAIL TRADE (% of businesses)
Table 12.3

1. Business activity 2020 2021 2022
(reviewed half-year) Jan-Jun Jul-Dec Average Jan-Jun Jul-Dec Average Jan-Jun Jul-Dec Average
Total retail Good 8 13 11 25 39 32 41 40 41
trade Normal 21 34 28 40 44 42 48 47 48
Bad 71 53 62 35 17 26 11 14 13
Balance -63 -40 -52 -10 22 6 30 26 28
Food Good 12 3 8 10 34 22 29 38 34
Normal 12 36 24 60 47 54 51 55 53
Bad 76 61 69 30 19 25 20 7 14
Balance -64 -58 -61 -20 15 -3 9 31 20
Clothing Good 5 4 5 15 26 21 43 39 41
& footwear Normal 15 32 24 30 56 43 47 42 45
Bad 80 64 72 56 19 38 10 18 14
Balance -75 -60 -68 -41 7 -17 33 21 27
Household Good 10 28 19 51 50 51 45 54 50
equipment Normal 29 44 37 28 43 36 48 37 43
Bad 61 28 45 21 7 14 7 9 8
Balance -51 0 -26 30 43 37 38 45 42
Hygiene & health Good 13 5 9 22 41 32 27 31 29
Normal 13 36 25 57 44 51 62 50 56
Bad 73 59 66 22 15 19 12 19 16
Balance -60 -54 -57 0 26 13 15 12 14
IT & electronics* Good 8 20 14 27 43 35 48 45 47
Normal 8 27 18 49 41 45 43 38 41
Bad 85 53 69 24 16 20 9 17 13
Balance -77 -33 -55 3 27 15 39 28 34
98
Vehicles & Good 0 15 8 13 31 22 34 31 33
accessories Normal 39 12 26 45 41 43 57 51 54
Bad 61 73 67 42 28 35 9 17 13
Balance -61 -58 -60 -29 3 -13 25 14 20
Other commerce Good 7 13 10 27 37 32 45 37 41
Normal 23 34 29 24 43 34 42 50 46
Bad 70 53 62 49 20 35 13 13 13
Balance -63 -40 -52 -22 17 -3 32 24 28
Large commercial Good 13 0 7 20 100 60 80 33 57
establishments** Normal 13 63 38 60 0 30 20 67 44
Bad 75 38 57 20 0 10 0 0 0
Balance -62 -38 -50 0 100 50 80 33 57
Andorran economy: developments in the main sectors | XII. Services
*From the first half of 2021, on adaptation of the sample to the new classification of economic activities (CAEA-19), this subsector, as well as electronics, also
includes retail sales of computers, peripheral equipment and computer programmes, and is called “IT & electronics”.
**From the first half of 2021, on adaptation of the sample to the new classification of economic activities (CAEA-19), supermarkets are included in the
subsector “Food” and this branch only includes “Large commercial establishments”.
Source: Chamber of Commerce, Industry and Services of Andorra.

The Chamber’s business climate survey data confirm that the improvement in tourism and the
positive behaviour in consumption favoured retail trade, which saw an appreciable recovery in
sales throughout 2022, although activity levels are still at rather modest levels. Retailers indicated
a year-on-year average increase in turnover per
establishment of 5%, half as strong as in 2021, Retail trade saw a recovery
and also pointed to an upward trend in the thanks to sustained private
number of employees.
consumption and tourism.
The results of the survey on business activity
in the second half of 2022 are the most optimistic for this period since the start of the pandemic,
but also suggest that the rate of growth in the sector is still very gradual and still at modest levels