Malta tops monthly and annual retail trade in whole of EU

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http://maltawinds.com/2018/02/05/malta-tops-monthly-annual-retail-trade-whole-eu/

Malta registered the highest increases for retail trade, both on a month to month basis from November to December 2017 and also on an annual basis from 2016 to 2017 in the whole of the EU. Malta registered an increase of 12.4% on an annual basis and a 3.1% rise from November to December 2017 which was in contrast with a general decrease across the EU.

December 2017 compared with November 2017

Volume of retail trade down by 1.1% in euro area

Down by 1.0% in EU28

In December 2017 compared with November 2017, the seasonally adjusted volume of retail trade decreased by 1.1% in the euro area (EA19) and by 1.0% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In November, the retail trade volume rose by 2.0% in the euro area and by 2.1% in the EU28.

In December 2017 compared with December 2016, the calendar adjusted retail sales index increased by 1.9% in the euro area and by 2.4% in the EU28.

The average retail trade for the year 2017, compared with 2016, rose by 2.6% in both the euro area and EU28.

Monthly comparison by retail sector and by Member State

The 1.1% decrease in the volume of retail trade in the euro area in December 2017, compared with November 2017, is due to falls of 1.5% for automotive fuel, of 1.2% for non-food products and of 0.7% for “Food, drinks and tobacco”. In the EU28, the 1.0% decrease in the volume of retail trade is due to falls of 1.1% for non-food products and of 0.7% for both “Food, drinks and tobacco” and automotive fuel.

Among Member States for which data are available, the largest decreases in the total retail trade volume were registered in Luxembourg (-6.2%), Ireland (-2.7%) and Slovenia (-2.3%), while the highest increases were observed in Malta (+3.1%), Estonia (+1.8%) and Romania (+1.3%).

Annual comparison by retail sector and by Member State

The 1.9% increase in the volume of retail trade in the euro area in December 2017, compared with December 2016, is due to rises of 2.7% for non-food products and of 1.3% for “Food, drinks and tobacco”, while automotive fuel fell by 0.8%. In the EU28, the 2.4% increase in retail trade volume is due to rises of 3.7% for non-food products, of 1.2% for “Food, drinks and tobacco” and of 0.4% for automotive fuel.

Among Member States for which data are available, the highest increases in the total retail trade volume were registered in Malta (+12.4%), Romania (+10.1%) and Poland (+9.2%), while decreases were observed in Luxembourg (-20.7%) and Belgium (-2.5%).

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