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- Eurozone retail sales fell sharply in December
Eurozone retail sales fell sharply in December
According to the report from Eurostat, in December 2019 compared with November 2019, the seasonally adjusted volume of retail trade decreased by 1.6% in the euro area (EA19) and by 1.3% in the EU27. Economists had expected a 0.9% decrease. In November 2019, the retail trade volume increased by 0.8% in the euro area and by 0.9% in the EU27.
In December 2019 compared with December 2018, the calendar adjusted retail sales index increased by 1.3% in the euro area and by 1.9% in the EU27.
The average retail trade for the year 2019, compared with 2018, rose by 2.2% in the euro area and by 2.4% in EU27.
In the euro area in December 2019, compared with November 2019, the volume of retail trade decreased by 1.6% for non-food products and by 1.4% for food, drinks and tobacco and automotive fuels. In the EU27, the volume of retail trade decreased by 1.6% for non-food products, by 1.3% for food, drinks and tobacco and by 0.9% for automotive fuels.
In the euro area in December 2019, compared with December 2018, the volume of retail trade increased by 3.6% for non-food products while food, drinks and tobacco decreased by 0.7% and automotive fuel by 3.7%. In the EU27, the retail trade volume increased by 4.0% for non-food products while food, drinks and tobacco decreased by 0.3% and automotive fuel by 2.6%.
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