Biggest drop in retail sales in June, counters EU upward trend

in Business · 09-08-2019 01:00:00 · 0 Comments
Biggest drop in retail sales in June, counters EU upward trend

Portugal countered the monthly upward trend recorded in retail sales in the European Union (EU) and the eurozone in June and had the biggest drop among member states

According to data released by Eurostat, the volume of retail sales grew 1.2 percent in the EU and 1.1 percent in the eurozone in June compared to the previous month, a variation also seen in the year-on-year comparison, in which the index (adjusted for calendar effects) of retail sales increased by 2.8 percent in the EU and 2.6 percent in the eurozone.

In monthly terms, Portugal topped the list of member states with the largest fall in this indicator (-0.9 percent), followed by Ireland (-0.8 percent) and Slovenia (-0.5 percent).

Conversely, the largest monthly increases were recorded in Croatia (+6.8 percent), Germany (+3.5 percent) and Poland (+2.8 percent).
Compared to the same month last year, Portugal had a 4.6 percent increase in retail sales.


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