Euro area, EU see expansion of retail volume in October

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In October 2021, the seasonally adjusted retail volume in the euro area rose by 0.2 percent and in the EU by 0.3 percent compared to September 2021, according to estimates by Eurostat, the statistical office of the European Union. In September 2021, the retail volume in the euro area fell by 0.4 percent and in the EU by 0.3 percent.

Compared with October 2020, the calendar-adjusted retail sales index rose by 1.4 percent in October 2021 in the euro area and by 2.3 percent in the EU. The euro area (EA19) comprises Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland. The European Union (EU27) comprises the EA19 as well as Bulgaria, the Czech Republic, Denmark, Croatia, Hungary, Poland, Romania and Sweden.

In the euro area, the retail volume in October 2021 compared to September 2021 increased by 1.3 percent for fuels for motor vehicles and by 0.4 percent for non-food products. In the EU, the retail volume of fuels for motor vehicles rose by 1.3 percent and of non-food products by 0.6 percent.

In October 2021, the seasonally adjusted retail volume in the euro area rose by 0.2 percent and in the EU by 0.3 percent compared to September 2021, according to estimates by Eurostat, the statistical office of the European Union. In September 2021, the retail volume in the euro area fell by 0.4 percent and in the EU by 0.3 percent.

Among the Member States for which data are available, Slovenia (+ 13.0%), Portugal (+ 2.3%) and Denmark (+ 2.2%) recorded the highest monthly increases in total retail sales. The largest decreases were observed in Latvia (-5.4%), Austria (-2.8%) and Estonia (-2.6%).

In the euro area, the retail volume in October 2021 rose by 8.5 percent for fuels for motor vehicles and by 2.5 percent for non-food products compared to October 2020. In the EU, the retail volume of fuels for motor vehicles rose by 9.0 percent and of non-food products by 3.8 percent.

Among the Member States for which data are available, Slovenia (+ 34.3%), Poland (+ 12.4%) and Estonia (+ 11.0%) recorded the highest annual increases in retail volumes. The largest decreases were observed in Germany (-2.8%), Latvia (-2.3%) and Ireland (-1.9%).

According to a flash estimate by Eurostat, the annual inflation rate in the euro area is expected to be 4.9 percent in November 2021, compared with 4.1 percent in October. In terms of the main components of euro area inflation, energy is expected to have the highest annual rate in November (27.4% versus 23.7% in October), followed by services (2.7% versus 2.1% in October) -Energy industrial goods (2.4% versus 2.0% in October) and food, alcohol and tobacco (2.2% versus 1.9% in October).

Fibre2Fashion News Desk (RKS)


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