September 8, 2022
According to the statistical office of the European Union (Eurostat), the seasonally adjusted volume of retail trade rose by 0.3% in both the euro area and EU during July 2022, compared with the previous month. It was also noted that in June 2022, the retail trade volume declined by 1% both the euro area and in the EU.
In comparison to July 2021, the calendar adjusted retail sales index declined by 0.9% in the euro area and by 0.5% in the EU, in July 2022.
Monthly comparison by retail sector and by Member State
In comparison to June 2022, the volume of retail trade in the euro area rose by 0.4% and 0.1% for automotive fuels and food, drinks and tobacco respectively, while it fell by 0.4% for non-food products, during the month of July 2022. Additionally, the volume of retail trade in the EU increased by 0.3% for automotive fuels, while it fell by 0.2% and 0.1% for non-food products and food, drinks and tobacco respectively, in July 2022.
Furthermore, among the Member States, Eurostat noted that the largest monthly declines in total retail trade were observed in Austria (-1.8%), Finland (-1.7%) and Spain (-1.0%). The highest increases were observed in Germany (+1.9%), the Netherlands (+1.7%), Luxembourg and Poland (both +1.5%).
Annual comparison by Retail Sector and by Member State
In comparison to July 2021, the volume of retail trade in the euro area fell by 2.4% and 0.9% for food, drinks, and tobacco and non-food products respectively, while it grew by 0.6% for automotive fuels. Additionally, the volume of retail trade in the EU fell by 2% and 0.7% for food, drinks, and tobacco and non-food products respectively, while it grew by 1.3% for automotive fuels.
Furthermore, among the Member States, Eurostat noted that the largest annual declines in total retail trade were recorded in Denmark (-7.7%), Luxembourg (-6.3%) and Ireland (-5.6%). The highest increases were observed in Slovenia (+25.0%), Malta (+9.0%) and Poland (+7.6%).
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