EU's retail trade volume down 0.2% MoM & 1.3% YoY in Aug 2022

While the seasonally adjusted volume of retail trade in the euro area dipped by 0.3 per cent in August 2022 when compared to July 2022, the calendar adjusted retail sales index in the region slipped by 2 per cent compared with August 2021. 

In July 2022, the retail trade volume decreased by 0.4 per cent in the euro area and by 0.2 per cent in the EU, according to a press release by Eurostat.

Among member states for which data are available, the largest monthly decreases in the total retail trade volume were registered in the Netherlands (-2.2 per cent), Germany (-1.3 per cent), and Malta (-1.1 per cent). The highest increases were observed in Slovenia (+7.0 per cent), Luxembourg (+3.8 per cent), and Ireland (+3.5 per cent)

In the euro area in August 2022, compared with August 2021, the volume of retail trade decreased by 3.0 per cent for non-food products, while it grew by 5.1 per cent for automotive fuels.

In the EU, the retail trade volume decreased by 2.6 per cent for non-food products, while it grew by 5.5 per cent for automotive fuels.

Among member states for which data are available, the largest yearly decreases in the total retail trade volume were registered in Denmark (-6.0 per cent), the Netherlands (-5.8 per cent) and Finland (-4.7 per cent). The highest increases were observed in Slovenia (+31.8 per cent), Poland (+8.0 per cent) and Cyprus (+5.1 per cent).

ALCHEMPro News Desk (NB)