Eurozone retail sales decreases massively in October| MENAFN.COM

Sunday, 05 February 2023 07:28 GMT

Eurozone retail sales decreases massively in October


(MENAFN) Retail sales declined 2.7 percent in the euro area on a yearly basis in October, as shown by the EU's statistical authority on Monday.

In the EU, retail sales also decreased 2.4 percent during the same time span, as shown by Eurostat.

On a month on month basis, retail sales were lower by 1.8 percent in the euro area as well as 1.7 percent in the EU.

In the euro area, the capacity of retail exchange was 3.9 percent lower for non-food outputs as well as 2.6 percent lower for food, drinks and tobacco, whereas it surged 2.5 percent for automotive fuels on a year on year basis.

"In the EU, the retail trade volume decreased by 3.6 percent for food, drinks and tobacco and by 2.6 percent for non-food products, while it grew by 3.3 percent for automotive fuels," it also mentioned.

Between member nations, the biggest decreases were recorded by Denmark with 9.5 percent, Sweden with 6.4 percent, as well as Belgium with 5.7 percent, whereas the biggest surges were witnessed in Slovenia (8.5 percent), Malta (7.2 percent) in addition to Latvia (5.7 percent).

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