Retail Trade Volume Decreases Throughout EU in May 2014

Industry | July 3, 2014, Thursday // 15:20|  views

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In May 2014 compared to April 2014, the seasonally adjusted volume of retail trade remained stable in the euro area and fell by 0.1% in the EU, according to the Eurostat.

In April retail trade decreased by 0.2% in the euro area and rose by 0.2% in the EU the latest date of the statistical office of the European Union shows.

According to Eurostat's report, the retail sales in Bulgaria decreased in May by 0.1% on a monthly basis, after dropping by 0.7% in April. This represents a deterioration of retail trade in Bulgaria for the fourth consecutive month after the sector lastly registered a growth of 2.1% in January.

On an annual basis, retail trade in Bulgaria registered a modest increase of 1.3% (compared to May 2013) after rising 2.2% in April.

In May 2014 compared with May 2013 the retail sales index increased by 0.7% in the euro area and by 1.2% in the EU. The stable volume of retail trade in the euro area in May 2014, compared with April 2014, is due to a rise of 0.3% for the non-food sector, while automotive fuel remained unchanged and Food, drinks and tobacco fell by 0.3%. In the EU, the 0.1% decrease in retail trade is due to a rise of 0.2% for the non-food sector, while automotive fuel remained unchanged and Food, drinks and tobacco fell by 0.7%.

The highest increases in total retail trade were registered in Portugal (+2.9%), Romania (+1.9%) and Malta (+1.6%), and the largest decreases in Latvia (-3.0%), Slovenia (-2.9%) and Estonia (-1.5%). The 0.7% increase in the volume of retail trade in the euro area in May 2014, compared with May 2013, is due to rises of 1.0% for the non-food sector, of 0.8% for automotive fuel and of 0.3% for Food, drinks and tobacco. In the EU, the1.2% increase in retail trade is due to rises of 2.1% for the non-food sector and of 0.4% for Food, drinks and tobacco, while automotive fuel remained stable.

The highest increases in total retail trade were observed in Luxembourg (+16.7%), Romania (+10.3%), Hungary (+5.0%), Lithuania (+4.6%) and Estonia (+4.2%), while decreases were registered in Slovenia (-2.4%), Austria and Poland (both-2.0%), Germany and Finland (both-0.6%).

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Tags: eurostat, retail trade, Bulgaria, EU, Euro Area

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