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RETAIL TRADE – ISIC REV. 3

Statistics Directorate    
French Equivalent: Commerce de detail – CITI Rev. 3

Definition:
Retail trade is defined in the International Standard Industrial Classification (ISIC) as the re-sale (sale without transformation) of new and used goods to the general public, for personal or household consumption or utilisation.

Retail trade includes the following ISIC Rev. 3 Groups in Division 52 (except repair of personal and household goods).

- non-specialised retail trade in stores;
- retail sale of food, beverages and tobacco in specialised stores;
- other Retail trade of new goods in specialised stores;
- retail sale of second-hand goods in stores;
- retail trade not in stores.

Context:
The International Standard Industrial Classification (ISIC), Revision 3, states that goods sold in the retail trade sector are limited to so called consumer goods. Thus, retail trade data record details of transactions in consumer goods between customers and sellers. This sector generates a large part of total employment and private final consumption expenditure, which represents around 60% of total GDP of OECD Member countries. Therefore, retail trade statistics are a very useful indicator of short-term developments for the whole economy.

Guidelines for the compilation of statistics for retail trade are included in the United Nations publication, "International Recommendations on Statistics of the Distributive Trades and Services". A second UN document, "Organisation and Conduct of Distributive-Trade Surveys", provides a guide to the planning and management of censuses and surveys for the sector.

For European Union member countries, Eurostat is currently implementing regulations for the compilation of retail trade statistics within the context of the Council Regulation Concerning Short-term Statistics. This Regulation specifies that the scope of retail trade indicators should include the activities listed in Division 52 of NACE Rev. 1, the equivalent European Union classification of ISIC Rev. 3.
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Source Publication:
ISIC Rev. 3.

Cross References:
Retail trade – NACE

Hyperlink:
http://esa.un.org/unsd/cr/registry/regcst.asp?Cl=3 &Lg=1

Version Indicator: ISIC Rev. 3

Classification Indicator: Classification

Statistical Theme: Industry and services statistics

Created on Tuesday, September 25, 2001

Last updated on Wednesday, March 12, 2003