Andorra Retail Sales Drop 4.4% in January 2026 Amid Fuel and Food Declines

Andorra's detail trade sector recorded a 4.4% year-on-year decline in retail sales for January 2026, data from the statistics department show, with steep falls in fuels and food outweighing slight gains elsewhere. Large commercial surfaces, however, posted 3.8% growth, mainly from non-food products.

In detail trade, the Retail Sales Index (IVCD) showed fuels down 12.4% year-on-year, attributed to moderated oil prices over the prior 12 months, food off 5.8%, and other products up 1.1%. Unadjusted sales dropped 5% from December 2025. At constant prices, stripping out inflation, the year-on-year fall widened to 6.5%, with food declining 7.4%, other products 0.9%, and fuels 3.5%. Month-on-month at constant prices, sales fell 4% overall, driven by an 18.4% drop in other products despite a 61.3% surge in fuels.

Large surfaces achieved 3.8% year-on-year growth in current prices, with food up 1.7% and non-food items rising 6.2%. Constant-price growth moderated to 1.4%, as food dipped 0.1% while non-food advanced 4.1%. Sales plunged 32.2% from December, in line with post-holiday patterns.

Employment patterns varied sharply. Large surfaces saw a 0.1% year-on-year rise but a 2.8% December-to-January drop. Women accounted for 63.4% of the workforce, up 5.2% year-on-year, men 36.6% (down 7.9%), with 91.1% full-time and 8.9% part-time.

Detail trade employment contracted 4.7% year-on-year and 2.5% from December. Women made up 61% of jobs, their share rising 9.8%, men 39% (down 12.3%), with 83.4% full-time and 16.6% part-time.

The results cap a strong December after weaker September and October tourism, exacerbated by French border access issues and soft January demand. Constant-price figures underscore volume declines despite some nominal upticks in large surfaces from price effects. February data, expected soon, could reveal further border impacts, while analysts watch for spending shifts amid cost-of-living pressures.