Retail

Euro area retail sales down by 2.6% YoY in Apr 2023

09 Jun '23

2 min read

Pic: Shutterstock/Massimo Todaro

Insights

Retail sales decreased by 2.6 per cent YoY in the euro area and by 2.9 per cent YoY in the EU in April 2023.
The retail trade volume remained flat in the euro area but rose by 0.1 per cent MoM in the EU.
Among member states, Croatia, Luxembourg, and Sweden saw the highest increases, while Slovakia, Romania, and Slovenia recorded the largest decreases.

The calendar adjusted retail sales index decreased by 2.6 per cent year-on-year (YoY) in the euro area and by 2.9 per cent YoY in the European Union (EU) in April 2023. The seasonally adjusted volume of retail trade remained unchanged in the euro area and increased by 0.1 per cent in the EU, compared with March 2023.

In March 2023, the retail trade volume decreased by 0.4 per cent in the euro area and by 0.5 per cent in the EU, Eurostat, the statistical office of the EU, said in a press release.

In the euro area in April 2023, compared with March 2023, the volume of retail trade increased by 0.5 per cent for non-food products, while it decreased by 2.3 per cent for automotive fuels.

In the EU, the volume of retail trade increased by 0.6 per cent for non-food products, while it decreased by 2.2 per cent for automotive fuels. Among member states for which data are available, the highest monthly increases in the total retail trade volume were registered in Croatia at 3.4 per cent, Luxembourg at 3.3 per cent, and Sweden at 3.1 per cent. The largest decreases were observed in Slovakia at -5.8 per cent, Romania at -3.7 per cent, and Slovenia at -2.4 per cent.

In the euro area in April 2023, compared with April 2022, the volume of retail trade decreased by 1.8 per cent for automotive fuels and by 1.1 per cent for non-food products. In the EU, the retail trade volume decreased by 2.3 per cent for automotive fuels and by 1.5 per cent for non-food products.

Among member states for which data are available, the largest yearly decreases in the total retail trade volume were registered in Hungary at -12.6 per cent, Estonia at -10.0 per cent, and Slovakia at -9.8 per cent. The highest increases were observed in Cyprus at 9.4 per cent, Spain at 7.8 per cent, and Luxembourg at 6.0 per cent.

Fibre2Fashion News Desk (NB)

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