Eurozone retail sales down on month, up on year in Dec
Eurostat’s data shows that retail sales decreased by 0.3% on a monthly basis in December following the 0.4% decrease in November. This decrease was reportedly driven by the decline in automotive fuel by 1.1% and in food, drinks and tobacco by 0.4%.
Among member states, the largest contribution to the monthly decline in retail sales came from Finland (3.2%), the United Kingdom (2.8%), Ireland and Sweden (both 2.7%) while the largest increases were recorded in Luxembourg (1.9%), Belgium (1.1%) and France (0.8%).
However, the data showed that Eurozone retail sales increased in December on an annual basis by 1.1% in December on the back of the rises in the sales of non-food products by 2.1% and in food, drinks and tobacco by 0.7%.
Among member states, annual decreases were recorded in Finland (2.2%), Germany (1.1%), Denmark and Austria (both 1%) and Malta (0.7%) while the largest increases were recorded in Luxembourg (14.7%), Slovenia (10.1%), Romania (7.9%) and the United Kingdom (6.6%).
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Major LDPE markets touch multi-year highs on growing tightness
- A prospect for Q4 through uncharted waters of 2020 amid pandemic
- China's import PP markets maintain uptrend under shadow of oil-driven losses in Dalian futures
- Weaker domestic demand prompts Vietnam to export polymers
- European PP market ceases upward trend in September
- Force majeure declarations rock the boat in Turkish PVC market
- China’s PE uptrend fueled by US force majeures; LDPE soars to more than 1-year high
- Stats: China’s cumulative PP imports in Jan-July 2020 reach record-high
- Sept PP, PE trend begins to take shape in Saudi Arabia
- Sept expectations voiced in Europe; ABS draws rosier picture than PS