January 7, 2022
The seasonally adjusted volume of retail trade increased by 1.0% in the euro area and by 0.9% in the EU during November 2021, compared with October 2021, according to Eurostat, the Statistical Office of the European Union. It was also noted that “in October 2021, the retail trade volume increased by 0.3% in the euro area and by 0.4% in the EU.”
In comparison to November 2020, the calendar adjusted retail sales index rose by 7.8% in the euro area and by 7.9% in the EU, in November 2021.
Monthly comparison by retail sector and by Member State
In comparison to October 2021, the volume of retail trade increased in the euro area by 1.6% for non-food products, but fell by 1.5% for automotive fuels and increase by 0.6% for food, drinks and tobacco. “In the EU, the volume of retail trade increased by 1.4% for non-food products and by 0.5% 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 Austria (-4.1%), Latvia (-3.6%) and Croatia (-3.1%). The highest increases were observed in Spain (+4.9%), Luxembourg (+4.0%) and Portugal (+2.8%).
Annual comparison by Retail Sector and by Member State
According to Eurostat, “In the euro area in November 2021, compared with November 2020, the volume of retail trade increased by 19.5% for automotive fuels, by 11.8% for non-food products and by 0.9% for food, drinks and tobacco.” Additionally, in the EU, the volume of retail trade climbed by 17.5% for automotive fuels, by 11.7% for non-food, and increased by 0.9% 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 Latvai (-3.6%), Germany (-2.8%), and Finland (-1.9%). The highest increases were observed in Slovenia (+41.1%), France (+22.7%), and Poland (+14.5%).
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 affect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned here.