Volume of retail trade up 1.1% in January compared to December

08:38 - 07 March 2023

Economy

The seasonally adjusted volume of retail trade increased by 1.1% in Cyprus in January, and by 0.3% in both the euro area and the EU, compared with December 2022, according to Eurostat.

In December 2022, the retail trade volume had decreased by 0.2% in Cyprus, by 1.7% in the euro area and by 1.6% in the EU.

In January 2023 compared with January 2022, the calendar adjusted retail sales index increased by 4.9% in Cyprus, and decreased by 2.3% in the euro area and by 2.2% in the EU

By retail sector, the volume of retail trade in the euro area in January 2023 increased by a monthly 1.8% for food, drinks and tobacco and by 0.8% for non-food products, while it decreased by 1.5% for automotive fuels.

In the EU, the volume of retail trade increased by 1.8% for food, drinks and tobacco, and by 1.1% for non-food products, while it decreased by 2.1% for automotive fuels.

By retail sector on an annual basis, the volume of retail trade in the euro area decreased by 5.0% for food, drinks and tobacco, and by 1.0% for non-food products, while it grew by 5.4% for automotive fuels.

In the EU, the retail trade volume decreased by 4.7% for food, drinks and tobacco, and by 1.0% for non-food products, while it grew by 5.6% for automotive fuels.

Among member states for which data are available, the largest yearly decreases in the total retail trade volume were registered in Belgium (-8.9%), Germany (-6.8%), Denmark and Sweden (both -5.8%). The highest increases were observed in Slovenia (+18.5%), Romania (+5.8%) and Malta (+5.7%).

(Source: CNA)

Volume of retail trade up 1.1% in January compared to December

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