Retail trade volume rose by 0.2% in euro area in May 2022

In the euro area, the volume of retail trade increased by 1.2 per cent for non-food products and declined by 0.2 per cent for automotive fuels in May 2022 as compared to April 2022, according to Eurostat, the statistical office of the European Union.

The volume of retail trade increased by 5.6 per cent for automotive fuels and by 2 per cent for non-food products in the euro area in May 2022 when compared to May 2021, the Eurostat data showed.

The euro area comprises European Union members that have adopted the euro as their currency. The 19 countries comprising the area are Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia, and Finland.

The index of the volume of retail trade measures the evolution of the turnover in retail trade, adjusted for price changes (deflated), i.e., the evolution of the total amount of goods sold, based on data adjusted for calendar and seasonal effects. Seasonally adjusted euro area and EU series are calculated by aggregating the seasonally adjusted national data. Eurostat carries out the seasonal adjustment of the data for those countries that do not adjust their data for seasonal effects.

Fibre2Fashion News Desk (NB)