Euro area's retail trade volume drops 2.9% YoY in May 2023

In April, the retail trade volume remained stable in the euro area and increased by 0.1 per cent in the EU, Eurostat, the statistical office of the EU, said in a press release.

In the euro area in May 2023, compared with April 2023, the volume of retail trade decreased by 0.3 per cent for automotive fuels, while it increased by 0.1 per cent for non-food products.

In the EU, the volume of retail trade remained unchanged for non-food products and increased by 0.3 per cent for automotive fuels.

Among member states for which data are available, the largest monthly decreases in the total retail trade volume were registered in Slovenia at -5.3 per cent, Luxembourg at -4.5 per cent, and Poland at -3.7 per cent. The highest increases were observed in Romania at 3.3 per cent, Portugal at 3.2 per cent, and Sweden at 1.6 per cent.

In the euro area in May 2023, compared with May 2022, the volume of retail trade decreased by 2.2 per cent for automotive fuels and by 2.1 per cent for non-food products.

In the EU, the retail trade volume decreased by 2.5 per cent for automotive fuels and by 2.4 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 Slovenia at -13.4 per cent, Hungary at -12.3 per cent, and Estonia at -9.6 per cent. The highest increases were observed in Spain at 7.3 per cent, Cyprus at 6.1 per cent, and Malta at 3.3 per cent.

ALCHEMPro News Desk (NB)