Sun, Nov 22 2009

EU27 retail trade down 1.2% in February

Mon, Apr 06 2009 15:31 CET byAlex Bivol 949 Views
EU27 retail trade down 1.2% in February

Photo: Sanja Gjenero/sxc.hu

Retail trade in the European Union fell down by 1.2 per cent month-on-month in February, and was 0.6 per cent lower in the euro zone, according to first estimates released by Eurostat, the Statistical Office of the European Communities, on April 6.

In January, retail trade rose by 0.7 per cent in the bloc as a whole (EU27) and 0.1 per cent in the euro zone, according to revised Eurostat data.

The member states of the euro area are Belgium, Germany, Ireland, Greece, Spain, France, Italy, Cyprus, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.

In February 2009, compared with February 2008, retail trade of "food, drinks and tobacco" dropped by 3.7 per cent in the euro area and by 2.8 per cent in the EU27. The non food sector fell by 3.7 per cent and 3.0 per cent, respectively.

Among the member states for which data are available, total retail trade fell month-on-month in 13, remained unchanged in Denmark, Finland and Sweden and rose only in Poland, Eurostat said in a statement. The largest decreases were observed in Romania, Estonia and Latvia.

On an annual basis, total retail trade fell in 15 countries and rose only in Poland and Belgium. The largest decreases were observed in the three Baltic States.

In Bulgaria, retail trade fell 1.4 per cent month-on-month and and 6.4 per cent year-on-year, Eurostat data showed.

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