Retail trade volume up by 0.1% in the euro area for March 2018, up by 2.1 in Cyprus for January 2018

In March 2018 compared with February 2018, the seasonally adjusted volume of retail trade increased by 0.1% in the euro area (EA19) and decreased by 0.1% in the EU28, according to estimates from Eurostat, the statistical office of the European Union.

In February, the retail trade volume increased by 0.3% in the euro area and by 0.4% in the EU28. In March 2018 compared with March 2017, the calendar adjusted retail sales index increased by 0.8% in the euro area and by 1.8% in the EU28.

According to the latest available data on Cyprus, retail trade increased by 2.1% in January 2018 in monthly basis and by 9.3% in annual basis.

The 0.1% increase in the volume of retail trade in the euro area in March 2018, compared with February 2018, is due to a rise of 0.2% for “food, drinks and tobacco”, while non-food products fell by 0.5% and automotive fuels by 0.4%. In the EU28, the 0.1% fall in the volume of retail trade is due to a decrease for automotive fuel by 1.2% and for non-food products by 0.3%, while “food, drinks, and tobacco” remains unchanged compared to February. Among Member States for which data are available, the highest increases in the total retail trade volume were registered in Latvia (+2.3%), Portugal (+1.8%), Austria and Sweden (both +1.3%), while decreases were observed in Ireland (-1.7%), Poland (-0.8%), the United Kingdom (-0.7%) and Germany (-0.6%).

The 0.8% increase in the volume of retail trade in the euro area in March 2018, compared with March 2017, is due to rises of 1.4% for food, drinks and tobacco, 0.4% for automotive fuel and 0.3% for non-food products. In the EU28, the 1.8% increase in retail trade volume is due to rises of 2.0% for food, drinks and tobacco, 1.8% for nonfood products and 0.8% for automotive fuels. Among Member States for which data are available, the highest yearly increases in the total retail trade volume were registered in Malta (+8.6%), Hungary (+7.2%) and Latvia (+6.5%), while decreases were observed in Germany (-1.3%) and Slovenia (-0.5%).

Source: Cyprus News Agency