Feb 2024 retail trade volume down 0.5% MoM in eurozone, 0.4% MoM in EU

08 Apr '24

2 min read

Feb 2024 retail trade volume down 0.5% MoM in eurozone, 0.4% MoM in EU

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Insights

The seasonally-adjusted retail trade volume in February this year decreased by 0.5 per cent month on month (MoM) in the euro area and by 0.4 per cent MoM in the European Union (EU), according to first estimates from Eurostat.
The calendar-adjusted retail sales index in February fell by 0.7 per cent YoY in the euro area and by 0.2 per cent YoY in the EU.

The seasonally-adjusted retail trade volume in February this year decreased by 0.5 per cent month on month (MoM) in the euro area and by 0.4 per cent MoM in the European Union (EU), according to first estimates from Eurostat, the EU statistical office.

In January this year, retail trade volume remained unchanged in the euro area and grew by 0.2 per cent MoM in the EU.

The calendar-adjusted retail sales index in February 2024 decreased by 0.7 per cent year on year (YoY) in the euro area and by 0.2 per cent YoY in the EU.

In the euro area, the volume of retail trade decreased for non-food products (except automotive fuel) by 0.2 per cent MoM in February, whereas in the EU, it decreased by 0.1 per cent MoM for the same category.

The largest monthly decreases in the total retail trade volume were recorded in Germany, Belgium and Cyprus. The highest increases were observed in Poland, Croatia and Estonia.

In the euro area, the volume of retail trade decreased for non-food products (except automotive fuel) by 0.1 per cent YoY in February, whereas in the EU, it increased for the same category by 0.6 per cent YoY.

The largest annual decreases in the total retail trade volume were recorded in Belgium, Slovenia and Finland. The highest increases were observed in Croatia, Romania and Luxembourg.

Fibre2Fashion News Desk (DS)

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