CYPRUS: Retail trade volume drops 0.9%, by -0.2% in Eurozone

Seasonally adjusted volume of retail trade fell by -0.2% in both the euro area (EA19) and the EU28, in September compared with August, according to estimates from Eurostat, but compared with September 2015 the calendar adjusted retail sales index increased by 1.1% in the euro area and by 2.2% in the EU28.

 
In Cyprus, the seasonally adjusted volume fell by -0.9% on monthly basis (August 2016 compared to July 2016) and increased by 0.2% compared with the same period of 2015.
The 0.2% decrease in the volume of retail trade in the euro area in September 2016, compared with August 2016, is due to falls of 1.0% for non-food products and of 0.3% for automotive fuel, while “Food, drinks and tobacco” rose by 0.6%.
In the EU28, the 0.2% decrease in the volume of retail trade is due to a fall of 0.7% for non-food products, while automotive fuel remained stable and “Food, drinks and tobacco” rose by 0.5%.
Among Member States for which data are available, the largest decreases in the total retail trade volume were registered in Portugal (-2.1%), Slovenia (-1.7%) and Germany (-1.4%), while the highest increases were observed in Estonia (+1.5%), Finland (+1.1%), Denmark and Poland (both +0.7%).
The 1.1% increase in the volume of retail trade in the euro area in September 2016, compared with September 2015, is due to rises of 1.8% for “Food, drinks and tobacco”, of 1.5% for automotive fuel and of 0.4% for non-food products. In the EU28, the 2.2% increase in retail trade volume is due to rises of 3.1% for automotive fuel, of 2.1% for “Food, drinks and tobacco” and of 1.9% for non-food products. Among Member States for which data are available, the highest increases in the total retail trade volume were observed in Luxembourg (+15.2%), Romania (+9.7%) and Poland (+8.6%), while decreases were observed in Belgium (-3.2%), Germany (-0.4%) and Slovenia (-0.1%).