Retail trade increases

January 9, 2017

The seasonally adjusted volume of retail trade increased by 2.2% in Cyprus in October 2016, according to estimates from Eurostat.

In November 2016, compared with October 2016, the seasonally adjusted volume of retail trade fell by 0.4% in the euro area (EA19) and by 0.1% in the EU28, according to estimates from Eurostat.

In October the retail trade volume increased by 1.4% in the euro area and by 1.3% in the EU28.

In November 2016 compared with November 2015 the calendar adjusted retail sales index increased by 2.3% in the euro area and by 3.4% in the EU28.

Cyprus, according to the relevant procedure, communicated data for October 2016, during which a 2.2% increase was registered on a monthly basis and a 6.9% on an annual basis.

On a monthly basis the 0.4% decrease in the volume of retail trade in the euro area in November 2016, compared with October 2016, is due to falls by 0.9% for non-food products and by 0.4% for “Food, drinks and tobacco”, while automotive fuel rose by 1.0%. In the EU28, the 0.1% decrease in the volume of retail trade is due to falls by 0.3% for both non-food products and “Food, drinks and tobacco”, while automotive fuel rose by 0.5%.

Among member states for which data are available, decreases in the total retail trade volume were observed in Germany (-1.8%), Austria and Portugal (both -1.3%) as well as Denmark (-0.3%), while the highest increases were registered in Luxembourg (+6.2%), Estonia (+1.7%), Romania, Slovenia and Slovakia (all +1.4%).

On an annual basis, the 2.3% increase in the volume of retail trade in the euro area in November 2016, compared with November 2015, is due to rises by 2.9% for non-food products, by 1.9% for automotive fuel and by 1.8% for “Food, drinks and tobacco”. In the EU28, the 3.4% increase in retail trade volume is due to rises by 4.7% for non-food products, by 2.3% for automotive fuel and by 2.1% for “Food, drinks and tobacco”.

Among member states for which data are available, the highest increases in the total retail trade volume were observed in Luxembourg (+12.4%), Slovenia (+11.3) and Romania (+9.5%), while a decrease was observed in Belgium (-0.2%)

- See more at: http://www.stockwatch.com.cy/nqcontent.cfm?a_name=news_view&ann_id=269320