April 7, 2022
The seasonally adjusted volume of retail trade increased by 0.3% in both the euro area and EU during February 2022, compared with the previous month, according to Eurostat, the Statistical Office of the European Union. It was also noted that “in January 2022, the retail trade volume increased by 0.2% in the euro area and by 0.5% in the EU.”
In comparison to February 2021, the calendar adjusted retail sales index rose by 5.0% in the euro area and by 5.4% in the EU, in February 2022.
Monthly comparison by retail sector and by Member State
In comparison to January 2022, the volume of retail trade increased in the euro area by 0.8% for non-food products and fell by 3.2% for automotive fuels, while fell by 0.5% for drinks, and tobacco, during the month of February. “In the EU, the volume of retail trade increased by 3.9% for automotive fuels, and by 0.4% for non-food products, while it fell by 0.4% for food, drinks and tobacco,” as indicated by Eurostat.
Furthermore, among the member states, Eurostat noted, the largest monthly decreases in total retail trade were observed in Slovenia (+8.0%), the Netherlands (+4.0%) and Portugal (+2.3%). 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 February 2022, compared with February 2021, the volume of retail trade increased by 12.0% for automotive fuels, by 9.3% for non-food products while it fell by 2.0% for food, drinks, and tobacco. Additionally, in the EU, the volume of retail trade climbed by 12.7% for automotive fuels, by 9.6% for non-food, and decreased by 1.5% 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 Austria (-5.9%), Belgium (-5.1%), Cyprus and Finland (both -2.0%). The highest increases were observed in Slovenia (+21.7%), Slovakia (+16.5%) and Portugal (+15.9%).
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