Eurozone, EU sees retail volume expansion in October

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Eurostat estimates from the European Union’s Bureau of Statistics show that seasonally adjusted retail prices in October 2021 increased by 0.2% in the euro area and 0.3% in the EU compared to September 2021. In September 2021, retail trade volume fell 0.4% in the euro area and 0.3% in the EU.

Compared to October 2021 and October 2020, the calendar-adjusted retail sales index increased 1.4% in the euro area and 2.3% in the EU. The Eurozone (EA19) includes Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxemburg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland. The European Union (EU27) includes Bulgaria, Czech Republic, Denmark, Croatia, Hungary, Poland, Romania and Sweden in addition to EA19.

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

Eurostat estimates from the European Union’s Bureau of Statistics show that seasonally adjusted retail prices in October 2021 increased by 0.2% in the euro area and 0.3% in the EU compared to September 2021. In September 2021, retail trade volume fell 0.4% in the euro area and 0.3% in the EU.

Among the member countries for which data are available, the largest monthly increases in total retail trade volume were registered in Slovenia (+ 13.0%), Portugal (+ 2.3%), and Denmark (+ 2.2%). The largest reductions were observed in Latvia (-5.4%), Austria (-2.8%) and Estonia (-2.6%).

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

Among the member countries for which data are available, Slovenia (+ 34.3%), Poland (+ 12.4%) and Estonia (+ 11.0%) had the highest annual growth rates in total retail trade. The largest declines were observed in Germany (-2.8%), Latvia (-2.3%) and Ireland (-1.9%).

Meanwhile, Eurostat’s preliminary report predicts that annual inflation in the euro area will rise from 4.1% in October to 4.9% in November 2021. As a major component of eurozone inflation, energy will continue to have the highest annual rate in November (27.4% compared to 23.7% in October), followed by services (2.7% compared to 2.1% in October). Expected. -Energy industrial products (2.4% compared to 2.0% in October) and food, alcohol, tobacco (2.2% compared to 1.9% in October).

Fiber2Fashion News Desk (RKS)

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Eurozone, EU sees retail volume expansion in October

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The post Eurozone, EU sees retail volume expansion in October appeared first on Eminetra.

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