Friday, January 8, 2010

EU and Eurozone retail trade volumes in November

According to the first estimates of Eurostat, the statistical office of the European Union, in November 2009, compared with October 2009, the volume of retail trade:

a) fell by 1.2% in the Eurozone (16 of the 27 member states of the EU)
b) fell by 0.8% in the EU as a whole (27 member states)

In October retail trade rose by 0.2% and 0.5% respectively.

In November 2009, compared with November 2008:
The retail sales index decreased by 4.0% in the Eurozone and by 2.1% in the EU.


Details:

1) November 2009, compared with October 2009

In November 2009, compared with October 2009,
“Food, drinks and tobacco” declined by 0.4% in both zones.
The non food sector fell by 1.6% in the Eurozone and by 1.0% in the EU.

Among the Member States for which data are available, total retail trade fell in fifteen and rose only in Poland (+1.0%) and the United Kingdom (+0.2%). The largest decreases were observed in Lithuania (-4.8%), Estonia (-3.1%) and Latvia (-2.3%).


2) November 2009, compared with November 2008

In November 2009, compared with November 2008,
“Food, drinks and tobacco” fell by 2.9% in the Eurozone and by 1.6% in the EU.
The non food sector dropped by 4.2% and by 1.7% respectively.

Among the Member States for which data are available, total retail trade fell in twelve, rose in four and remained stable in Finland. The largest decreases were observed in Latvia (-30.2%), Lithuania (-27.8%) and Estonia (-21.2%), and the highest increases in Poland (+4.6%) and Belgium (+3.7%).

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Nick

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