Eurozone and EU see retail volume increase in October

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In October 2021, the seasonally adjusted volume of retail trade increased by 0.2% in the euro area and by 0.3% in the EU, compared to September 2021, according to Eurostat estimates, the statistical office of the European Union. In September 2021, the volume of retail trade fell by 0.4% in the euro area and by 0.3% in the EU.

In October 2021 compared with October 2020, the calendar retail sales index increased by 1.4% in the euro area and by 2.3% in the EU. The euro area (EA19) includes Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland. The European Union (EU27) includes EA19 plus Bulgaria, Czechia, Denmark, Croatia, Hungary, Poland, Romania and Sweden.

In the euro area, in October 2021, compared to September 2021, the volume of retail trade increased by 1.3% for automotive fuels and by 0.4% for non-food products. In the EU, the volume of retail trade increased by 1.3 percent for automotive fuels and 0.6 percent for non-food products.

In October 2021, the seasonally adjusted volume of retail trade increased by 0.2% in the euro area and by 0.3% in the EU, compared to September 2021, according to Eurostat estimates, l statistical office of the European Union. In September 2021, the volume of retail trade fell by 0.4% in the euro area and by 0.3% in the EU.

Among the Member States for which data are available, the highest monthly increases in the total volume of retail trade were recorded in Slovenia (+ 13.0%), Portugal (+ 2.3%) and Denmark ( + 2.2%). The largest decreases were observed in Latvia (-5.4%), Austria (-2.8%) and Estonia (-2.6%).

In the euro area in October 2021, compared to October 2020, the volume of retail trade increased by 8.5% for automotive fuels and 2.5% for non-food products. In the EU, the volume of retail trade increased by 9.0% for automotive fuels and 3.8% for non-food products.

Among the Member States for which data are available, the largest annual increases in the total volume of retail trade were recorded in Slovenia (+ 34.3%), Poland (+ 12.4%) and Estonia (+ 11.0%). The largest decreases were observed in Germany (-2.8%), Latvia (-2.3%) and Ireland (-1.9%).

Meanwhile, according to a quick estimate of Eurostat, annual inflation in the euro area is expected to be 4.9% in November 2021, up from 4.1% in October. Regarding the main components of inflation in the euro zone, energy is expected to experience the highest annual rate in November (27.4%, against 23.7% in October), followed by services (2.7 %, against 2.1% in October), non-energy of industrial goods (2.4%, against 2.0% in October) and food, alcohol & tobacco (2.2%, against 1, 9% in October).

Fibre2Fashion Information Office (RKS)


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