EU's volume of retail trade down 2.2% YoY in January 2023

In December 2022, the retail trade volume decreased by 1.6 per cent in the EU and by 1.7 per cent in the euro area.

In the EU in January 2023, compared with December 2022, the volume of retail trade increased by 1.1 per cent for non-food products. In the euro area, the volume of retail trade increased by 0.8 per cent for non-food products, as per Eurostat.

Among member states for which data are available, the highest monthly increases in the total retail trade volume were registered in the Netherlands (4.9 per cent), Luxembourg (4.6 per cent) and Slovenia (4.1 per cent). The largest decreases were observed in Austria (9.8 per cent), Slovakia (1.4 per cent) and Hungary (0.6 per cent).

In January 2023, compared with January 2022, EU and euro area’s retail trade volume decreased by 1 per cent for non-food products.

Among Member States for which data are available, the largest yearly decreases in the total retail trade volume were registered in Belgium (8.9 per cent), Germany (6.8 per cent), Denmark and Sweden (both 5.8 per cent). The highest increases were observed in Slovenia (18.5 per cent), Romania (5.8 per cent) and Malta (5.7 per cent).

ALCHEMPro News Desk (DP)