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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

July 05, 2024
EU AND EURO AREA RETAIL TRADE, MAY 2024

Month-over-month (May 2024 vs. April 2024, seasonally adjusted turnover value)

In the European Union, retail sales values were up 0.3%. In the Euro Area, retail sales values were also up 0.3% from the previous month. 

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

In the European Union, on a year-over-year basis, retail sales were up 2.2%. In the Euro Area, retail sales were up 1.9% in May 2024.

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

In the European Union, retail sales were up 2.2%. In the Euro Area, retail sales were up 1.9%.

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