EU Economy
Eurozone retail sales volume up in October - remains at 2004 level
By Finfacts Team
Dec 3, 2014 - 10:59 AM

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Eurozone retail sales volume rose in October but remain at the level in 2004, according to data Wednesday from Eurostat, the statistics office of the European Union.

In the month of October 2014, the seasonally adjusted volume of retail trade rose by 0.4% in the Eurozone (EA18) and by 0.7% in the EU28. In September retail trade fell by 1.2% in both zones.

In October 2014 compared with October 2013 the retail sales index increased by 1.4% in the Eurozone and by 2.0% in the EU28.

Monthly comparison by retail sector and by member country: The 0.4% increase in the volume of retail trade in the Eurozone in October 2014, compared with September 2014, is due to rises of 0.7% for both the non-food sector and automotive fuel, while “Food, drinks and tobacco” remained stable. In the EU28, the 0.7% increase in retail trade is due to rises of 1.2% for the non-food sector, of 0.6% for automotive fuel and of 0.1% for “Food, drinks and tobacco.”

Among member countries for which data are available, the highest increases in total retail trade were registered in Finland (+2.7%), Germany and the United Kingdom (both +1.9%), Latvia and Slovakia (both +1.5%), and the largest decreases in Slovenia (-1.9%), Portugal (-1.6%) and Austria (-1.2%).

Irish retail sales were flat in October.

Annual comparison by retail sector and by member country: The 1.4% increase in the volume of retail trade in the Eurozone in October 2014, compared with October 2013, is due to rises of 2.9% for automotive fuel, of 2.1% for the non-food sector and of 0.4% for “Food, drinks and tobacco”. In the EU28, the 2.0% increase in retail trade is due to rises of 3.1% for the non-food sector, of 1.7% for automotive fuel and of 0.9% for “Food, drinks and tobacco.”

Among member countries for which data are available, the highest increases in total retail trade were observed in Luxembourg (+12.5%), Estonia (+6.9%) and Slovakia (+6.5%), while decreases were observed in Malta (-3.7%) and Slovenia (-0.1%).  Irish sales were up 4.9%.

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