Eurozone retail sales down on month, up on year in Oct
Eurostat’s data shows that retail sales decreased by 1.1% on a monthly basis in October following the 0.8% increase in September. This decrease was reportedly driven by the decline in food, drinks and tobacco by 1.3%, in non-food products by 1.1% and in automotive fuel by 0.1%.
Among member states, the largest contribution to the monthly decline in retail sales came from Luxembourg (5.3%), Portugal (2.3%) and Austria (1.9%) while the largest increases were recorded in Romania (1%), the United Kingdom (0.9%), Poland and Slovakia (both 0.6%).
However, the data showed that eurozone retail sales slightly increased in October on an annual basis by 0.4% on the back of the rises in the sales of non-food products by 0.6%, in automotive fuel by 0.3% and in food, drinks and tobacco by 0.2%.
Among member states, the largest contribution to the annual increase in retail sales came from Romania (12.6%), Poland (7.1%), Ireland, Hungary and Malta (all 6.3%) while decreases were observed in Luxembourg (27.0%), Austria (2.2%) and Belgium (2.1%).
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- June PP, PE prices drop further on weakened activities in Egypt
- Europe’s PS, ABS markets come off peaks on plunging costs
- Asian polymer markets unfazed by crude oil rally
- India’s polymer demand slowly heals pandemic-inflicted wounds
- LDPE faces a tougher slog in Asia, Europe still on a tear
- Weakness extends to June in Saudi Arabian PP, PE markets
- European PP signals stabilization after 7 months of hikes
- Turkish plastic recycling market in deadlock–solution awaited on import waste ban
- Asia PVC markets decline to 3-month low as downturn fueled by June announcements
- Limited demand leads to further PP, PE declines in China; LDPE hits 6-month low