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For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email: thomas.storring@novascotia.ca

May 07, 2024
EU AND EURO AREA RETAIL TRADE, MARCH 2024

Month-over-month (March 2024 vs. February 2024, seasonally adjusted turnover value)

In the European Union, retail sales index was up 0.7%. In the Euro Area, retail sales index increased by 0.9% from the previous month. 

Year-over-year (March 2024 vs. March 2023, seasonally adjusted turnover value)

In the European Union, on a year-over-year basis, retail sales were up 2.6%. In the Euro Area, retail sales were up 2.3% in March 2024.

Year-to-date (Jan-Mar 2024 vs. Jan-Mar 2023, seasonally adjusted turnover value)

In the European Union, retail sales were up 2.1%. In the Euro Area, retail sales were up 1.8%.

By member state, where data is available, the strongest growth in annual retail sales occurred in Croatia, Luxembourg, Slovakia, and Bulgaria. Estonia, Belgium, and Finland were the only countries reporting a year-to-date decline in retail sales during January-March 2024.

Note: Countries in the Euro Area are a subset of the countries in the European Union and contribute to the EU average. Individual countries reported with green bars are in the European Union but not in the Euro Area. With the addition of Croatia as of January 1, 2023, the Euro Area increased to 20 countries.

Source:  Database  Press release



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