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Eurozone retail sales down on month, up on year in Dec

by ChemOrbis Editorial Team - content@chemorbis.com
  • 03/02/2017 (17:30)
According to data released by the European Union’s statistics office Eurostat, retail sales in the Euro zone fell in December month-on-month while it rose on a yearly basis.

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%).
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