October 5, 2012

Euro area retail sales rise in August 2012: Eurostat

Eurozone retail sales increased marginally for the fourth consecutive month in August 2012.

By admin-demo

Eurozone retail sales increased marginally for the fourth consecutive month in August 2012.

Retail sales in Euro area (EA17) grew whilst European Union (EU27) sales respectively in August 2012, according to the data released by European Union statistical office, Eurostat.

The volume of retail trade moved up 0.1 % in euro area and EU27 in May, compared to the previous month.

On a monthly basis, food, drinks and tobacco sales increased 0.1% in both euro area and EU27 in August, after recording decline in July.

During the same period, sales in non food sector fell 0.7% in the euro area and 0.8% in EU27, offsetting the 0.5% and 0.4% rise, respectively, in the preceding month.

Among the member states for which data are available, total retail sales grew in 12, decreased in seven and remained stable in Belgium and Bulgaria, on a monthly basis.

The highest increases were registered in Luxembourg, Portugal, Slovenia and Spain, where sales rose 2.9%, 2.9%, 2.8%, 2.1%, respectively.

Retail sales index declined 1.3% in the euro area and remained stable in the EU27 in August 2012, compared with the same month last year.

Year-on-year, food, drinks and tobacco sales decreased 0.9% in the euro area and by 0.2% in EU27 in August.

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

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

The highest decreases were recorded in Portugal, Malta and Denmark, where sales were up by 6.0%, 5.4% and 3.5%, respectively.

The largest increases were seen in Latvia, Luxembourg, and Estonia, where sales were down by 10%, 9.2% and 7.2%, respectively.