Cash register Figures Not Improving

In the first half of June, according to cash register data, store revenues were 3.7% lower than before, which is worse than the 2.6% decrease in May. In addition, people bought less in grocery stores, and the jump in online store revenues is also smaller than the April peak.

The survey was made for the Blokkk.com portal, which recalls earlier expectations that the retail sector may return to around its pre-pandemic level in the third quarter, possibly even do slightly better. The portal now says this "slightly better" has now become uncertain. The final quarter, Black Friday and Christmas could bring a boost, so in a favorable case, the retail world can move beyond the year 2020 without a total downturn.

At the same time, the analysis adds that the decisive factor will be the situation of the economy as a whole, the GDP, through which wage outflows, the development of unemployment, and also whether there will be a second wave of economic downturns.

According to Blokkk.com, some industrial goods areas, such as the telecommunications market, had already grown in June, but clothing still could not recover. Revenues at petrol stations in the first half of June are exactly a third lower than before, but there has also been a drop in prices, so the drop in volume will be smaller (somewhere between 10-15%).

In grocery stores, there is a 1.5% increase in current sales (cash register data), which is smaller than in previous months, and when calculating the increase in food prices of around 5%, it is a 3-4% decrease in volume.