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Eurostat: Volume of retail trade up in Cyprus

08/02/2023 09:01

In December 2022, the seasonally adjusted volume of retail trade decreased by 2.7% in the euro area and by 2.6% in the EU, compared with November 2022, according to estimates from Eurostat, the statistical office of the European Union

In November 2022, the retail trade volume had increased by 1.2% in both the euro area and the EU.

In December 2022 compared with December 2021, the calendar adjusted retail sales index decreased by 2.8% in the euro area and by 2.5% in the EU.

According to the same data, the volume of retail trade in Cyprus decreased by 0.2% in December 2022 compared to November, having had increased slightly by 0.1% in November. Compared to December 2021, trade volume increased by 3.7%.

The annual average level of retail trade for the year 2022, compared with 2021, increased by 0.7% in the euro area and by 1.1% in the EU.

In the euro area in December 2022, compared with November 2022, the volume of retail trade saw a monthly decrease by 2.9% for food, drinks and tobacco and by 2.6% for non-food products, while it grew by 2.3% for automotive fuels.

In the EU, the volume of retail trade decreased by 2.9% for food, drinks and tobacco and by 2.8% for non-food products, while it grew by 2.3% for automotive fuels.

Among Member States for which data are available, the largest monthly decreases in the total retail trade volume were registered in the Netherlands (-6.3%), Germany (-5.3%) and Luxembourg (-3.8%).

The highest increases were observed in Slovakia (+2.3%), Austria (+1.6%) and Romania (+1.3%).

In the euro area in December 2022, compared with December 2021, the volume of retail trade saw an annual decrease of 6.9% for food, drinks and tobacco and by 0.6% for non-food products, while it grew by 6.0% for automotive fuels.

In the EU, the retail trade volume decreased by 6.6% for food, drinks and tobacco and by 0.9% for non-food products, while it grew by 7.3% for automotive fuels.

Among Member States for which data are available, the largest yearly decreases in the total retail trade volume were registered in Belgium (-9.2%), Denmark (-8.4%) and Sweden (-7.1%).

The highest increases were observed in Malta (+5.7%), Romania (+5.3%) and Spain (+4.6%).