Croatia was leading the way both in yearly and in monthly retail trade in June.
According to data provided by Eurostat, the statistical office of the European Union, Croatia had the highest increase in retail trade in June on monthly and yearly bases, and the country’s growth on the EU level has increased as well, Jutarnji.hr reports on August 7.
In June 2017 compared with May 2017, the seasonally adjusted volume of retail trade rose by 0.5% in the euro area (EA19) and by 0.4% in the EU28. In May the retail trade volume increased by 0.4% in the euro area and by 0.3% in the EU28, and the calendar adjusted retail sales index increased by 3.1% in both zones.
The highest monthly increases in the total retail trade volume were registered in Croatia (+5.8%), Portugal (+2.4%) and Slovenia (+1.7%), while the largest decreases were observed in Lithuania (-1.7%), Latvia (-0.8%) and Bulgaria (-0.5%).
The 0.5% increase in the volume of retail trade in the euro area in June 2017, compared with May 2017, is due to rises of 1.0% for automotive fuel, of 0.7% for “Food, drinks and tobacco” and of 0.3% for non-food products. In the EU28, the 0.4% increase in the volume of retail trade is due to rises of 0.6% for both automotive fuel and non-food products, and of 0.1% for “Food, drinks and tobacco”.
Eurostat
The highest yearly increases in the total retail trade volume were registered in Slovenia (+10.2%), Croatia (+8.2%) and Slovakia (+8.1%), while a decrease was observed in Luxembourg (-25.8%).
The 3.1% increase in the volume of retail trade in the euro area in June 2017, compared with June 2016, is due to rises of 3.5% for automotive fuel, of 3.2% for non-food products and of 2.6% for “Food, drinks and tobacco”. In the EU28, the 3.1% increase in retail trade volume is due to rises of 3.9% for non-food products, of 3.7% for automotive fuel and of 2.0% for “Food, drinks and tobacco”.
See Eurostat news release here.
