July 8, 2021
The seasonally adjusted volume of retail trade increased by 4.6% in the euro area and by 4.6% in the EU during May 2021, compared with April 2021, according to Eurostat, the Statistical Office of the European Union. It was noted that, “In April 2021, the retail trade volume decreased by 3.9% in the euro area and by 3.6% in the EU.”
In comparison to May 2020, the calendar adjusted retail sales index rose by 9.0% in the euro area and by 9.2% in EU, in May 2021.
Monthly comparison by retail sector and by Member State
In comparison to April 2021, the volume of retail trade increased in the euro area in May 2021 by 8.8% for non-food products and by 0.2% for food, drinks and tobacco, while it increased by 8.1% for automotive fuels. “In the EU the volume of retail trade increased by 8.5% for non-food products and by 6.8% for automotive fuels, while it decreased by 0.3% for food, drinks and tobacco,” as indicated by the Eurostat.
Furthermore, among the member states, Eurostat noted, “the highest monthly increases in total retail trade were registered in France (+9.9%), the Netherlands (+9.3%) and Estonia (+8.1%). Decreases were observed in Latvia (-3.9%), Finland (-3.3%) and Luxembourg (-0.7%).”
Annual comparison by Retail Sector and by Member State
According to Eurostat, “In the euro area in May 2021, compared with May 2020, the volume of retail trade increased by 28.4% for automotive fuels, by 14.8% for non-food products and by 0.1% for food, drinks and tobacco.” Additionally, in the EU, the volume of retail trade climbed by 25.0% for automotive fuels, by 15.0% for non-food, and increased by 0.3% for food, drinks and tobacco.
Among Member States for which data are available, the highest annual increases in total retail trade were registered in Bulgaria (+23.9%), Ireland (+22.4%) and Malta (+22.0%). The only decrease was registered in Germany (-0.9%).
Disclaimer:
Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report.
Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.