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Methodological explanation for the news release:


Turnover in the retail and wholesale trade


Wholesale is purchase of goods for further sale to merchants, processors or large customers at home or abroad. Goods can be sold unchanged or after processing, packed or re-packed, which is important for wholesale.

Retail trade is purchase of goods for further sale to fnal consumers (for personal and household use) or to other consumers who use the purchased goods for performing activities under certain conditions.

Turnover is presented with VAT and the stocks of retail trade goods are valued at selling prices.

Stocks

Value of stocks is the value of goods which enterprises had in stock at the end of the quarter. The stocks of wholesale goods are valued at purchase prices, and the stocks of retail trade goods are valued at selling prices.



Last updated: 11.02.2011


   

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