Retail trade up by 0.1% in the eurozone in February, up by 2.1% in Cyprus in January

In February 2018 compared with January 2018, the seasonally adjusted volume of retail trade increased by 0.1% in the euro area (EA19) and by 0.2% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In January, the retail trade volume fell by 0.3% in the euro area, remained unchanged in the EU28 and increased for Cyprus by 2.1% (latest available country data).

In February 2018 compared with February 2017, the calendar adjusted retail sales index increased by 1.8% in the euro area and by 2.0% in the EU28. In Cyprus the same index increased by 9.3% for January 2018 compared to January 2017 (latest available data).

The 0.1% increase in the volume of retail trade in the euro area in February 2018, compared with January 2018, is due to rises of 0.9% for automotive fuel and of 0.8% for Food, drinks and tobacco, while non-food products fell by 0.5%. In the EU28, the 0.2% increase in the volume of retail trade is due to rises of 1.0% for automotive fuel and of 0.8% for Food, drinks and tobacco, while non-food products fell by 0.5%. Among Member States for which data are available, the highest increases in the total retail trade volume were registered in Estonia (+2.0%), Belgium (+1.6%), Malta and Poland (both +1.5%), while the largest decreases were observed in Latvia and Romania (both -2.3%) and Austria (-1.5%).

The 1.8% increase in the volume of retail trade in the euro area in February 2018, compared with February 2017, is due to rises of 2.3% for non-food products, of 1.2% for Food, drinks and tobacco, while automotive fuel fell by 0.1%. In the EU28, the 2.0% increase in retail trade volume is due to rises of 2.4% for non-food products, of 1.4% for automotive fuel and of 1.2% for Food, drinks and tobacco”. Among Member States for which data are available, the highest increases in the total retail trade volume were registered in Malta (+11.7%), Poland (+7.9%) and Ireland (+7.1%), while decreases were observed in Slovenia (-1.6%) and Austria (-1.2%).

Source: Cyprus News Agency