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Retail trade rises in the eurozone, drops in Cyprus

06/07/2020 15:12

In May 2020, when Member States began easing the COVID-19 containment measures, the seasonally adjusted volume of retail trade increased by 17.8% in the euro area and by 16.4% in the EU, compared with April 2020, according to estimates from Eurostat, the statistical office of the European Union. In April 2020, the retail trade volume decreased by 12.1% in the euro area and by 11.4% in the EU. In May 2020 compared with May 2019, the calendar adjusted retail sales index decreased by 5.1% in the euro area and by 4.2% in the EU.

According to the latest available data, in Cyprus the volume of retail trade decreased by -30.3% April in a monthly basis and  by -29.5% in an annual basis. In Greece the monthly drop was -25.5% in April and -24.8% annually.

In the euro area in May 2020, compared with April 2020, the volume of retail trade increased by 38.4% for automotive fuels, by 34.5% for non-food products and by 2.2% for food, drinks and tobacco. In the EU, the volume of retail trade increased by 31.9% for automotive fuels, by 30.2% for non-food products and by 2.1% for food, drinks and tobacco. It can be noted that the volume of retail trade in textiles, clothing and footwear rose by 147.0% in the euro area and by 130.7% in the EU. The volume of retail trade increased in all Member States for which data are available, except in Bulgaria, where it remained unchanged. The highest increases were registered in Luxembourg (+28.6%), France (+25.6%) and Austria (+23.3%).

In the euro area in May 2020, compared with May 2019, the volume of retail trade decreased by 27.4% for automotive fuels and by 9.0% for non-food products while food, drinks and tobacco increased by 4.9%. In the EU, the volume of retail trade decreased by 24.3% for automotive fuels and by 6.9% for non-food products while food, drinks and tobacco increased by 4.1%. Among Member States for which data are available, the largest decreases were registered in Bulgaria (-20.4%), Luxembourg (-19.7%) and Spain (-17.9%). The highest increases were observed in Germany (+7.2%), Denmark (+6.6%) and Austria (+4.8%).