Retail Trade Volume Decreases Throughout EU in May 2014

Business » INDUSTRY | July 3, 2014, Thursday // 15:20| Views: 1098 | Comments: 1
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Bulgaria: Retail Trade Volume Decreases Throughout EU in May 2014 File photo.

In May 2014 compared to April 2014, the seasonally adjusted volume of retail trade remained stable in the euro area and fell by 0.1% in the EU, according to the Eurostat.

In April retail trade decreased by 0.2% in the euro area and rose by 0.2% in the EU the latest date of the statistical office of the European Union shows.

According to Eurostat's report, the retail sales in Bulgaria decreased in May by 0.1% on a monthly basis, after dropping by 0.7% in April. This represents a deterioration of retail trade in Bulgaria for the fourth consecutive month after the sector lastly registered a growth of 2.1% in January.

On an annual basis, retail trade in Bulgaria registered a modest increase of 1.3% (compared to May 2013) after rising 2.2% in April.

In May 2014 compared with May 2013 the retail sales index increased by 0.7% in the euro area and by 1.2% in the EU. The stable volume of retail trade in the euro area in May 2014, compared with April 2014, is due to a rise of 0.3% for the non-food sector, while automotive fuel remained unchanged and Food, drinks and tobacco fell by 0.3%. In the EU, the 0.1% decrease in retail trade is due to a rise of 0.2% for the non-food sector, while automotive fuel remained unchanged and Food, drinks and tobacco fell by 0.7%.

The highest increases in total retail trade were registered in Portugal (+2.9%), Romania (+1.9%) and Malta (+1.6%), and the largest decreases in Latvia (-3.0%), Slovenia (-2.9%) and Estonia (-1.5%). The 0.7% increase in the volume of retail trade in the euro area in May 2014, compared with May 2013, is due to rises of 1.0% for the non-food sector, of 0.8% for automotive fuel and of 0.3% for Food, drinks and tobacco. In the EU, the1.2% increase in retail trade is due to rises of 2.1% for the non-food sector and of 0.4% for Food, drinks and tobacco, while automotive fuel remained stable.

The highest increases in total retail trade were observed in Luxembourg (+16.7%), Romania (+10.3%), Hungary (+5.0%), Lithuania (+4.6%) and Estonia (+4.2%), while decreases were registered in Slovenia (-2.4%), Austria and Poland (both-2.0%), Germany and Finland (both-0.6%).

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