Eurozone retail sales down on month, up on year in Jan
Eurostat’s data shows that retail sales decreased by 0.1% on a monthly basis in January following the 0.5% decrease in December. This decrease was reportedly driven by the decline in non-food products by 0.2% and in food, drinks and tobacco by 0.1%.
Among member states, the largest contribution to the monthly decline in retail sales came from Germany and France (0.8%), Belgium (0.6%) and the United Kingdom (0.4%) while the largest increases were recorded in Finland (4.4%), Poland (4.1%) and Slovenia (3.2%).
However, the data showed that Eurozone retail sales increased in January on an annual basis by 1.2% on the back of the rises in the sales of non-food products by 2.2%, in automotive fuel by 0.6% and in food, drinks and tobacco by 0.3%.
Among member states, the largest contribution to the annual increase in retail sales came from Slovenia (15.4%), Luxembourg (8.8%), and Lithuania (8.5%) while a decrease was recorded in Germany (0.4%)
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Upstream keeps China PET afloat; prices hit 11-month high
- Import PVC uptrend loses momentum in Asia; is the 9-month rally coming to an end?
- Tightness brings further price hikes in African PP, PE markets
- European PP hits new highs after 3-digit hikes for January
- Turkey’s PP, PE markets open 2021 with supply-driven hikes
- Vietnam’s local homo-PP market retreats for 3rd week on subdued demand
- China’s PE demand wavers amid controls on environmental pollution and electricity use
- January trend takes shape in Egypt’s PP, PE markets
- Stats: Turkey’s 2020 polymer imports set to beat the 2017 record
- China PP, PE markets close 2020 on a soft note; SE Asia feels pressure