Retail trade up in July | Stockwatch

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In July 2022, the seasonally adjusted volume of retail trade increased by 0.7% in Cyprus and by 0.3% in both the euro area and the EU, compared to June 2022, according to estimates from Eurostat, the statistical office of the European Union. .

In June 2022, retail trade volume decreased by 4.5% in Cyprus and by 1.0% in the euro area and the EU, compared to May.

In July 2022 compared with July 2021, the calendar-adjusted retail sales index rose by 2.8% in Cyprus and fell by 0.9% in the euro area and by 0.5% in the EU.

By retail sector, in the euro area in July 2022 compared to June 2022, retail trade volume increased by 0.4% for motor fuels and by 0.1% for food, beverages and tobacco, while it fell by 0.4% for non-food products.

In the EU, over the same period, the volume of retail trade increased by 0.3% for motor fuels, while it decreased by 0.2% for non-food products and by 0. 1% for food, beverages and tobacco.

Among the Member States for which data are available, the highest monthly increases in total retail trade volume were recorded in Germany (+1.9%), the Netherlands (+1.7%), Luxembourg and in Poland (+1.5% each).

The largest decreases over the same period were observed in Austria (-1.8%), Finland (-1.7%) and Spain (-1.0%).

Compared with July 2021, retail trade volume in the euro area fell by 2.4% for food, drinks and tobacco and by 0.9% for non-food products, while it increased by 0.6% for automotive fuels.

In the EU, over the same period, retail trade volume decreased by 2.0% for food, beverages and tobacco and by 0.7% for non-food products, while it increased by 1.3% for automotive fuels.

Among the Member States for which data are available, the largest annual falls in total retail trade volume were recorded in Denmark (-7.7%), Luxembourg (-6.3%) and Ireland (- 5.6%).

The highest increases were observed in Slovenia (+25.0%), Malta (+9.0%) and Poland (+7.6%).

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