Euro Area Retail Trade Rises 0.2% in May as EU Sales Gain 0.5%
Updated
Updated · European Commission · Jul 6
Euro Area Retail Trade Rises 0.2% in May as EU Sales Gain 0.5%
1 articles · Updated · European Commission · Jul 6
Summary
May retail trade volumes edged up 0.2% in the euro area and 0.5% across the EU, reversing April declines of 0.3% and 0.6%, Eurostat said.
Food, drinks and tobacco drove the monthly increase, rising 0.6% in both regions; non-food goods added 0.1% in the euro area and 0.5% in the EU, while automotive fuel fell 0.5% and 0.4%.
Annual growth stayed positive at 1.6% in the euro area and 1.9% in the EU, with food up 2.4% and non-food up 2.3% in the euro area, offset partly by a 4.6% drop in fuel sales.
Cyprus led monthly gains at 3.7%, ahead of Luxembourg at 3.6% and Poland at 2.4%, while Estonia posted the steepest fall at 2.2%; on an annual basis, Romania showed the weakest reading at minus 4.0%.