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18° Nicosia,
22 April, 2019
 

Overall retail rise not overshadowed by slight drop

In April, the retail trade volume decreased by 0.1% in the euro area and increased by 0.3% in the EU28

Newsroom / CNA

Retail trade volume in Cyprus dropped by 0.8% in April 2018 compared to March, but rose by 5.8% since a year ago.

In May 2018 compared with April 2018, the seasonally adjusted volume of retail trade did not change in the euro area (EA19) and increased by 0.3% in the EU28, according to estimates from Eurostat, the statistical office of the European Union.

In April, the retail trade volume decreased by 0.1% in the euro area and increased by 0.3% in the EU28.

In May 2018 compared with May 2017 the calendar adjusted retail sales index increased by 1.4% in the euro area and by 2.3% in the EU28.

In Cyprus, retail trade volume decreased by -0.8% in April 2018 (latest available data) compared to March 2018, but increased by 5.8% compared to April 2017.

According to Eurostat, the unchanged volume of retail trade in the euro area in May 2018, compared with April 2018, is due to a rise of 1.1% in "food, drinks and tobacco", while non-food products fell by 1.0%, and the volume of automotive fuels did not change.

In the EU28, the 0.3% increase in the volume of retail trade is due to increases in "food, drinks and tobacco" by 1.2% and automotive fuel by 0.1%, 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 Portugal (+4.7%), Latvia (+3.4%), and Slovenia (+3.1%). Decreases were observed in Germany (-2.1%), Austria (-0.7%) as well as Spain and Poland both (-0.1%).

The 1.4% increase in the volume of retail trade in the euro area in May 2018, compared with May 2017, is due to rises of 1.7% for "food, drinks and tobacco and of 1.6% for non-food products, while automotive fuel fell by 0.3%. In the EU28, the 2.3% increase in retail trade volume is due to rises of 2.8% for non-food products, of 2.1% for automotive fuel and of 2.0% for "food, drinks, tobacco".

Among Member States for which data are available, the highest yearly increases in the total retail trade volume were registered in Hungary (+7.7%), Romania (+7.1%) and Latvia (+6.9%). The largest decreases were observed in Malta (-1.8%), Luxembourg (-1.2%), and Spain (-0.4%).

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Cyprus  |  retail  |  EU  |  Eurostat  |  business  |  economy

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