March 5, 2021
The seasonally adjusted volume of retail trade declined by 5.9% in the euro area and by 5.1% in the EU during January 2020, compared with December 2020, according to Eurostat, the Statistical Office of the European Union. It was noted that, “in December 2020, the retail trade volume rose by 1.8% in the euro area and by 1.4% in the EU.
In comparison to January 2020, January 2021’s calendar adjusted retail sales index declined by 6.4% in the euro area and by 5.4% in EU.
Monthly comparison by retail sector and by Member State
In comparison to December 2020, the volume of retail trade declined in the euro area in January 2021 by 12.0% for non-food products and by 1.1% for automotive fuels, while it increased by 1.1% for food, drinks and tobacco. While in the EU the volume of retail trade declined by 9.9% for non-food products and by 0.3% for automotive fuels, while it rose by 1.0% for food, drinks and tobacco, as indicated by the Eurostat.
Furthermore, among the member states, Eurostat noted, “the largest decreases in total retail trade were registered in Austria (-16.6%), Ireland (-15.7%) and Slovakia (-11.1%). The highest increases were observed in Sweden (+3.5%), Bulgaria (+1.8%) and Estonia (+1.7%)”
Annual comparison by Retail Sector and by Member State
According to Eurostat, “in the euro area in January 2021, compared with January 2020, the volume of retail trade decreased by 18.3% for automotive fuels and by 13.6% for non-food products (within this category mail orders and internet increased by 39.1%), while it increased by 5.9% for food, drinks and tobacco.” Furthermore, in the EU, the volume of retail trade declined by 15.7% for automotive fuels and by 11.5% for non-food products (mail orders and internet increased by 40.0%), while it rose by 5.4% for food, drinks and tobacco.
Among the Member States for which data are available, the largest decreases in the total amount of retail tail trade were reported in Austria and Slovakia (-16.8%), Slovenia (-13.0%) and Portugal (-10.9%). The largest rise was observed in Estonia (+8.0%), Belgium (+4.2%) and Finland (+3.8%).
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