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Summary: Non-food Retailing August 2020

• Sales in the non-food sector increased to 5.3% year-on-year.

• August showed a slight improvement in confidence in the local economy compared to July, however it remains deeply negative.

• Confidence about the future decreased by 0.4%pts year-on-year, but remains in positive territory, and still higher than 2 years ago.

August 2020

“Sales and earnings recorded good growth year on year, however the view on the current state of the economy stays relatively low due to the current pandemic, despite confidence about the future remaining buoyant”

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