November 5, 2020
According to Eurostat, the Statistical Office of the European Union, the seasonally adjusted volume of retail trade in September 2020 declined by 2.0% in the euro area and by 1.7% in the EU when compared with August 2020. Whereas, in August 2020 the retail trade volume increased by 4.2% in the euro area and by 3.6% in the EU.
However, in comparison to September 2019, September 2020’s calendar adjusted retail sales index rose by 2.2% in the euro area and by 2.1% in EU.
Monthly comparison by retail sector and by Member State
In comparison to August 2020, the volume of retail trade fell in the euro area in September 2020 by 0.2% for automotive fuels, by 2.6% for non-food products, and by 1.4% for food, drinks, and tobacco. In the EU, “the volume of retail trade decreased by 2.1% for non-food products, by 1.1% for food, drinks and tobacco and by 0.5% for automotive fuels,” as indicated by the Eurostat.
Furthermore, Eurostat noted, “the largest decreases were observed in Belgium (-7.4%), France (-4.5%) and Germany (-2.2%). The highest increases in the total retail trade volume were registered in Bulgaria (+2.8%), Portugal (+1.9%) and Romania (+1.7%).”
Annual comparison by retail sector and by Member State
In September 2020, compared with September 2019, the volume of retail trade rose by 2.9% for food, drinks and tobacco and by 2.6% for non-food products, while automotive fuel decreased by 3.8% in the euro area. While in the EU, the retail trade volume rose by 2.9% for non-food products and by 2.4% for food, drinks and tobacco; however, automotive fuel decreased by 4.6%.
Eurostat highlighted that, “Among Member States for which data are available, the highest yearly increases in the total retail trade volume were registered in Ireland (+11.5%), Lithuania (+6.2%), Latvia and Slovakia (both +5.9%). The largest decreases were observed in Malta (-12.2%), Slovenia (-6.9%) and Bulgaria (-6.7%).”
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