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- Eurozone retail sales rose sharply in November
Eurozone retail sales rose sharply in November
According to the report from Eurostat, in November 2019 compared with October 2019, the seasonally adjusted volume of retail trade increased by 1.0% in the euro area (EA19) and by 0.6% in the EU28. Economists had expected a 0.6% increase in the euro area. In October 2019, the retail trade volume decreased by 0.3% in the euro area and by 0.2% in the EU28.
In November 2019 compared with November 2018, the calendar adjusted retail sales index increased by 2.2% in the euro area and by 1.9% in the EU28. Economists had expected a 1.3% increase in the euro area
In the euro area in November 2019, compared with October 2019, the volume of retail trade increased by 1.4% for non-food products and by 0.7% for food, drinks and tobacco, while automotive fuels decreased by 1.0%. In the EU28, the volume of retail trade increased by 0.9% for non-food products and by 0.5% for food, drinks and tobacco while automotive fuels decreased by 0.8%.
Among Member States for which data are available, the highest increases in the total retail trade volume were registered in Poland (+3.3%), Belgium (+2.7%) and Latvia (+2.6%). The largest decreases were observed in the United Kingdom (-1.7%), Ireland (-0.9%) and Finland (-0.5%).
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