Euro area retail sales rise in May 2012: Eurostat

5 July 2012 (Last Updated July 5th, 2012 07:00)

Retail sales volume increased in both euro area (EA17) and European Union (EU27) in May 2012, after a 1.4% decrease in both zones, according to the data released by European Union statistical office, Eurostat.

Retail sales

Retail sales volume increased in both euro area (EA17) and European Union (EU27) in May 2012, after a 1.4% decrease in both zones, according to the data released by European Union statistical office, Eurostat.

The volume of retail trade moved up 0.6% in both euro area and EU27 in May, compared to the previous month.

On a monthly basis, food, drinks and tobacco sales increased 0.2% in both euro area and EU27 in May, after recording decline in April.

During the same period, sales in non food sector rose 1% in the euro area and 0.9% in EU27, offsetting the 0.1% and 1.2% falls, respectively, in the preceding month.

Among the member states for which data are available, total retail sales grew in 16, remained unchanged in Denmark, and fell in four.

The highest increases were registered in Austria, Portugal, Latvia, Finland and Ireland, where sales rose 3.1%, 2.9%, 2.1%, 1.9% and 1.7%, respectively.

Retail sales index declined 1.7% in the euro area and dropped 0.3% in EU27 in May 2012, compared with May 2011.

Year-on-year, food, drinks and tobacco sales decreased 1.1% in the euro area and slipped by 0.4% in EU27 in May.

Sales in non food sector edged down 1.5% in the euro area, but increased 0.5% in EU27 in May, on an annual basis.

Among the member states for which data are available, total retail sales grew in 12 and fell in nine, year-on-year in May.

The highest increases were recorded in Estonia, Latvia and Romania, where sales were up by 10.4%, 7.4% and 5.9%, respectively.

The largest decreases were seen in Malta, Portugal and Spain, where sales were down by 7.3%, 5.1% and 4.8%, respectively.

Image: Food, drinks and tobacco sales rose 0.2% in both euro area and EU27 in May. Photo: FreeDigitalPhotos.net