• Eurozone retail sales rose more than expected in October

Market news

3 tháng 12 2020

Eurozone retail sales rose more than expected in October

According to the report from Eurostat, in October 2020, the seasonally adjusted volume of retail trade rose by 1.5% in both the euro area and the EU, compared with September 2020. Economists had expected a 0.8% increase in the euro area. In September 2020, the retail trade volume fell by 1.7% in the euro area and by 1.3% in the EU. 

In October 2020 compared with October 2019, the calendar adjusted retail sales index increased by 4.3% in the euro area and by 4.2% in the EU. Economists had expected a 2.7% increase in the euro area. 

In the euro area in October 2020, compared with September 2020, the volume of retail trade increased by 2.0% for both non-food products and for food, drinks and tobacco, while automotive fuels fell by 3.7%. In the EU, the volume of retail trade increased by 2.0% for non-food products and by 1.9% for food, drinks and tobacco while automotive fuels fell by 3.4%.

In the euro area in October 2020, compared with October 2019, the volume of retail trade increased by 5.4% for non-food products. Within this category mail orders and internet increased by 28.5%, while textiles, clothing and footwear decreased by 14.0%. The volume of retail trade increased by 5.1% for food, drinks and tobacco, while automotive fuel decreased by 9.6%. In the EU, the retail trade volume increased by 5.7% for non-food products (mail orders and internet +29.2%, textiles, clothing and footwear -13.0%) and by 4.6% for food, drinks and tobacco, while automotive fuel decreased by 9.5%.

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