06/09/2022 07:48
In July 2022, the seasonally adjusted volume of retail trade increased by 0.7% in Cyprus, and by 0.3% in both the euro area and in the EU, compared with June 2022, according to estimates from Eurostat, the statistical office of the European Union.
In June 2022, the retail trade volume had decreased by 4.5% in Cyprus, and 1.0% in the both the euro area and in the EU, compared to May.
In July 2022 compared with July 2021, the calendar adjusted retail sales index increased by 2.8% in Cyprus and decreased by 0.9% in the euro area and by 0.5% in the EU.
By retail sector, in the euro area in July 2022, compared with June 2022, the volume of retail trade increased by 0.4% for automotive fuels and by 0.1% for food, drinks and tobacco, while it decreased by 0.4% for non-food products.
In the EU during the same period, the volume of retail trade increased by 0.3% for automotive fuels, while it decreased by 0.2% for non-food products and by 0.1% for food, drinks and tobacco.
Among Member States for which data are available, the highest monthly increases in the total retail trade volume were registered in Germany (+1.9%), the Netherlands (+1.7%), Luxembourg and Poland (both +1.5%).
The largest decreases during the same period were observed in Austria (-1.8%), Finland (-1.7%) and Spain (-1.0%).
Compared with July 2021, the volume of retail trade in the euro area decreased by 2.4% for food, drinks and tobacco and by 0.9% for non-food products, while it increased by 0.6% for automotive fuels.
In the EU during the same period, the retail trade volume decreased by 2.0% for food, drinks and tobacco and by 0.7% for non-food products, while it increased by 1.3% for automotive fuels.
Among Member States for which data are available, the largest yearly decreases in the total retail trade volume were registered in Denmark (-7.7%), Luxembourg (-6.3%) and Ireland (-5.6%).
The highest increases were observed in Slovenia (+25.0%), Malta (+9.0%) and Poland (+7.6%).