March 9, 2022
The seasonally adjusted volume of retail trade increased by 0.2% in the euro area and by 0.6% in the EU during January 2022, compared with the previous month, according to Eurostat, the Statistical Office of the European Union. It was also noted that “in December 2021, the retail trade volume increased by 2.7% in the euro area and by 2.6% in the EU.”
In comparison to January 2021, the calendar adjusted retail sales index rose by 7.8% in the euro area and by 8.3% in the EU, in January 2022.
Monthly comparison by retail sector and by Member State
In comparison to December 2021, the volume of retail trade increased in the euro area by 0.2% for non-food products and fell by 1.3% for automotive fuels, and remained stable for food, drinks, and tobacco. “In the EU, the volume of retail trade increased by 1.0% for non-food products and by 0.2% for food, drinks and tobacco, while it fell by 1.1% for automotive fuels,” as indicated by the Eurostat.
Furthermore, among the member states, Eurostat noted, the largest monthly decreases in total retail trade were observed in Slovenia (-4.6%), Portugal (-2.8%) and Lithuania (-2.5%). The highest increases were observed in Poland (+5.9%), Luxembourg (+4.2%), and Denmark (+3.7%).
Annual comparison by Retail Sector and by Member State
According to Eurostat, in the euro area in January 2022, compared with January 2021, the volume of retail trade increased by 12.7% for automotive fuels, by 14.8% for non-food products while it fell by 1.7% for food, drinks, and tobacco. Additionally, in the EU, the volume of retail trade climbed by 11.1% for automotive fuels, by 15.3% for non-food, and decreased by 1.3% for food, drinks, and tobacco.
Among the Member States for which data are available, the largest annual decline in total retail trade were recorded in Finland (-2.4%). The highest increases were observed in Slovenia (+32.3%), Poland (+19.5%), and Lithuania (+18.2%).
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