Eurozone Retail Trade on the Rise

In a recent report released by Eurostat, the euro area witnessed a 0.3% increase in retail trade volume in February compared to January, with the European Union not far behind at a 0.2% rise. Year-over-year, the growth was even more significant, with the Eurozone and EU seeing increases of 2.3% and 2%, respectively.

Breaking Down the Numbers

Delving deeper into the data, the euro area's retail trade volume saw a 0.3% monthly increase for food, drinks, tobacco, and non-food products (excluding automotive fuel), while automotive fuel in specialized stores experienced a 0.2% rise. The EU mirrored this trend with a 0.2% increase for similar categories, except for automotive fuel in specialized stores, which surged by 1.4%.

Regional Highlights

Among the member states, Cyprus led with the highest monthly retail sales growth at 4.7%, whereas Bulgaria faced the largest decline, dropping by 1.7%.