France - Real Retail Sales

France: Real Retail Sales

Mnemonic WRT$.IFRA
Unit Vol. Index 2015=100, WDASA
Adjustments Working Day Adjusted and Seasonally Adjusted
Monthly 0.89 %
Data Jan 2023 124.64
Dec 2022 123.54

Series Information

Source French National Institute of Statistics and Economic studies (insee)
Release Wholesale and Retail Trade Sales Volume
Frequency Monthly
Start Date 1/31/1999
End Date 1/31/2023

France: Consumer

Reference Last Previous Units Frequency
Consumer Confidence Mar 2023 81 82 Balance of opinion; SA Monthly
Real Retail Sales Jan 2023 124.64 123.54 Vol. Index 2015=100, WDASA Monthly
Retail Sales Jan 2023 138.5 135.9 Index 2015=100, WDASA Monthly

Release Information

The French National Institute of Statistics and Economic Studies (INSEE) reports monthly sales volume indexes for wholesale and retail trade. 


  • Classification: NAF Rev. 2, localization of NACE Rev. 2
  • Measurement: Fixed-base volume index relative to 2015 (Vol. Index 2015=100) 
  • Adjustments:
    • Working day adjusted and seasonally adjusted (WDASA)
    • Not seasonally adjusted (NSA)
  • Native frequency: Monthly
  • Start date: Uniformly 2005m1


  • New sample and 2010=100 - 1999m1 to 2017m12 (no archive specifier) 
  • Old sample and 2010=100 - 1995m1 to 2015m12 (no archive specifier) 
  • NAF Rev. 2 and 2005=100 - 1995m1 to 2012m12 ("05") 
  • NAF Rev. 1 and 2005=100 - 1995m1 to 2008m12

Sales volume indices are available by activity. Classification is the French classification of activities (NAF Rev. 2), the localization of NACE Rev. 2. The data set covers the following sectors:

  • Trade and repair of motor vehicles and motorcycles (Division 45)
  • Wholesale trade, except for motor vehicles and motorcycles (Division 46)
  • Retail trade, except for motor vehicles and motorcycles (Division 47)
  • Sections (service sectors): H, I, J, L, M, N, R, S
  • Sections (industry and construction): B, C, D, E, F

Sales volume indices fall under the European regulation on short-terms statistics – the Council Regulation "STS No 1165/98" of 19 May 1998, modified by subsequent amendments. The indices are constructed from a tax source (CA3 form). This form is completed by all enterprises for the payment of value added tax (VAT) each month. Turnover indices fro export are based on the total amount of turnover reported by companies on exports outside of the EU and deliveries supplied within the EU. The indices are calculated from monthly returns of companies having their VAT Headquartered in France.

The raw data indices are calculated at the most detailed level of the classification of activities French: subclasses of NAF rev. 2. At this level, the index for month "m" is calculated by chaining the index of "m-12" to the change in turnover between "m-12" and "m". All companies that reported data in month "m" are included in the calculation. 

Calculations also take into account the business demography such as business failures, change of sector, births, and coporate resturcturing. These sturctural changes will most likely affect the sectoral outline of the VAT declarations.

The 2015=100 indices include a two-weighting system. Previous bases used a constant-weight system. 2010 weights are used for aggregation of indices between 1999 and 2012. 2015 weights are used for periods after 2012. Both series are then chained with a link coefficient on the year 2013. 

Annual weights are based on output by industry at basic prices that are included in the national accounts. This output includes subsidies on products, but does not include taxes. 

Geography coverage is France: including the overseas departments and excluding French Guyana and Mayotte. French Guyana and Mayotte are not liable for VAT.

Sales volume indices are defined as the ratio of the turnover index in value to the associated price deflator. Production price and consumer price indices that are calculated by Insee are used as deflators. Note that the geography coverage for these indices is France: including all overseas departments. Once the 166 sub-classes in the retail sector are calculated, the indices for higher levels are obtained by aggregating. 

In retail trade and trade and repair of motor vehicles and motorcycles, price indices that are used as deflators are obtained by aggregating CPI of the associated products. Sectors and products are cross-references between the NAF Rev. 2 classification and the Classification of Individual Consumption by Purpose (COICOP). Since CPI includes taxes, it is corrected with VAT rates to make it duty-free. 

For wholesale trade volume indices, the following Insee price indices are used: IPGA (Wholesale food price indices), IPAMPA (Monthly agricultural means of production purchasing price indices), IPPAP (Monthly agricultural producer price indices), IPPI (French industry production price indices) and consumer price indices. Each sectoral index is a weighted average of the various indices that represent the products within the sector.

Moody's Analytics supplements

We have back-extended the general index to 1999m1.


Also, the dataset is rebased every five years.

Further reading

At the source: