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For additional information relating to this article, please contact:

Barbara Ruszel Economist
Tel: 902-424-1848Email: Basia.Ruszel-Lichodzijewska@novascotia.ca

December 05, 2017
EU AND EURO AREA RETAIL TRADE, OCTOBER 2017

Retail sales in the European Union were down 0.4 per cent in October (seasonally adjusted index of turnover value).  For the Euro Area, retail sales were down 0.8 per cent in October.  On a year-to-date basis, EU retail sales values are up 4.1 per cent compared with the first ten months of 2016.  Euro Area retail sales are up 3.7 per cent year-to-date.  The strongest growth is found among Eastern European countries, with slower growth in Scandanavia as well as in Italy and Greece.

 

European retail sales growth is attributable to higher automotive fuel expenditures (mostly related to higher prices) as well as sales volumes from mail and internet sellers.

Notes: EuroStat reports retail sales on a volume basis (deflated to account for changes in prices) as well as on a turnover basis (including changes in value caused by price growth).  Canadian retail trade data include price effects and should be compared to European turnover data.
                                                                                                       

Source:   EuroStat  News Releases,  Database,  Sectors

 



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