Andorra Retail Sales Up 1.7% Nominally in October but Volumes Drop 0.7%

Sales at large retail outlets in Andorra rose 1.7% in October compared to the same month last year in nominal terms, Statistics Department data show. However, at constant prices, volumes fell 0.7% year-on-year, underscoring a drop in real consumption despite price-driven revenue gains.

Food products led the growth, up 3.9% nominally and 2.3% at constant prices, acting as the key support for the sector. Sales of other goods declined 1.1% nominally but plunged 4.1% in real terms, reflecting cutbacks on non-essentials amid inflation and cautious household spending.

The monthly index at constant prices rose 3.1% from September, yet the annual figure confirms the sector has not recovered last year's real consumption levels. Employment in these outlets dropped 6.7% year-on-year, pointing to internal adjustments despite nominal sales increases. The workforce stayed consistent, with women making up 63.7% of staff and 91.4% on full-time contracts—a marginal rise in the latter share.

These figures reveal underlying fragility in retail activity. While food sales provide stability, shrinking real volumes and job reductions signal broader economic pressures that may affect commerce and the local economy ahead.