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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

January 08, 2018
EU AND EURO AREA RETAIL TRADE, NOVEMBER 2017

Retail sales in the European Union were up 1.5 per cent in November (seasonally adjusted index of turnover value) over October 2017.  For the Euro Area, retail sales were up 1.5 per cent in November over October 2017. 

European annual retail sales volume growth is attributable to volume increases for non-food products (+4.1%), food, drink and tobacco (+1.4%) and automotive fuel (+0.9%).

 

Year-to-date

On a year-to-date basis, EU retail sales values are up 2.6 per cent compared with the first eleven months of 2016.  Euro Area retail sales are up 2.5 per cent year-to-date.  By member state, the strongest growth is found among  Eastern European countries (Romania, Slovenia, Poland, Slovakia), Ireland and Cyprus. Slower growth was reported in  Belgium, Italy, Denmark, and Austria.

By retail sector, the strongest growth is found in mail order and internet sales. However, as with the European annual retail sales volume growth, year-to-date retail sales volume growth would be attributable to volume increases in food beverage and tobacco (+1.6%) and automotive fuels (+1.2%). 

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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