Euro area seasonally adjusted volume of retail trade in Janaury increased by 0.1% month-over-month, down 1.0% year-over-year: Eurostat

LUXEMBOURG , March 6, 2024 (press release) –

Down by 1.0% in the euro area and by 0.6% in the EU compared with January 2023

Overview
In January 2024, compared with December 2023, the seasonally adjusted retail trade volume increased by 0.1% in

the euro area and by 0.3% in the EU, according to first estimates from Eurostat, the statistical office of the European Union.

In December 2023, the retail trade volume fell by 0.6% in the euro area and by 0.7% in the EU.

In January 2024 compared with January 2023, the calendar adjusted retail sales index decreased by 1.0% in the euro area and by 0.6% in the EU.

Monthly comparison by retail sector and by Member State
In the euro area in January 2024, compared with December 2023, the volume of retail trade

• increased for food, drinks, tobacco by 1.0%,
• decreased for non-food products (except automotive fuel) by 0.2%,
• increased for automotive fuel in specialised stores by 1.7%.

In the EU, the volume of retail trade

• increased for food, drinks, tobacco by 0.8%,
• increased for non-food products (except automotive fuel) by 0.1%,
• increased for automotive fuel in specialised stores by 1.2%.

Among Member States for which data are available, the highest monthly increases in the total retail trade volume were recorded in Luxembourg (+7.6%), Romania (+3.8%) and Cyprus (+1.5%). The largest decreases were observed in Estonia (-2.6%), Slovakia (-1.0%) and Latvia (-0.8%).

Annual comparison by retail sector and by Member State 
In the euro area in January 2024, compared with January 2023, the volume of retail trade

• decreased for food, drinks, tobacco by 0.6%,
• decreased for non-food products (except automotive fuel) by 1.4%,
• increased for automotive fuel in specialised stores by 0.8%.

In the EU, the volume of retail trade

• decreased for food, drinks, tobacco by 0.2%,
• decreased for non-food products (except automotive fuel) by 1.0%,
• decreased for automotive fuel in specialised stores by 0.4%.

Among Member States for which data are available, the largest annual decreases in the total retail trade volume were recorded in Estonia (-6.7%), Belgium (-3.8%) and Finland (-2.9%). The highest increases were observed in Luxembourg (+7.2%), Romania (+6.7%) and Denmark (+5.9%).

Industry Intelligence Editor's Note: This press release omits select charts and/or marketing language for editorial clarity. Click here to view the full report.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.