The Malta Independent 24 September 2018, Monday

Malta registers largest decrease in the EU in retail on an annual basis

Thursday, 6 September 2018, 09:52 Last update: about 17 days ago

Figures published by Eurostat this week have shown that Malta has registered the largest decrease in the retail sector on an annual basis in the EU.

This decrease had already been noted in the market sentiment surveys carried out by the Central Bank and recorded in its Quarterly Review.

 

 In July 2018 compared with June 2018, the seasonally adjusted volume of retail trade decreased by 0.2% in the euro area and remained unchanged in the EU28, according to estimates from Eurostat, the statistical office of the European Union.

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In June, the retail trade volume increased by 0.3% in the euro area and did not change in the EU28.

In July 2018 compared with July 2017, the calendar adjusted retail sales index increased by 1.1% in the euro area and by 2.0% in the EU28.

The 0.2% decrease in volume of retail trade in the euro area in July 2018, compared with June 2018, is due to a fall of 0.7% for automotive fuel and of 0.6% for "food, drinks and tobacco", while non-food products rose by 0.4%.

In the EU28, the unchanged volume of retail trade is due to an increase in non-food products by 0.5%, while automotive fuels fell by 0.9% and "food, drinks and tobacco" by 0.3%.

Among Member States for which data are available, the largest decreases in the total retail trade volume were observed in Belgium (-2.1%), Portugal and Sweden (both -1.0%). The highest increase were registered in Slovakia and Estonia (both +1.1%) as well as the United Kingdom (+0.8%).

The 1.1% increase in the volume of retail trade in the euro area in July 2018, compared with July 2017, is due to rises of 1.4% for "food, drinks and tobacco", by 1.3% for automotive fuels, and by 0.9% for non-food products.

In the EU28, the 2.0% increase in retail trade volume is due to increases of 2.1% for automotive fuel, 1.9% for non-food products, and by 1.8% for "food, drinks and tobacco".

Among Member States for which data are available, the highest yearly increases in the total retail trade volume were registered in Poland (+7.7%), Lithuania (+7.2%) and Ireland (+6.6%).

The largest decreases were observed in Malta (-2.6%), Sweden (-1.1%), and Austria (-1.0%).

 


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