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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 05, 2023
EU AND EURO AREA RETAIL TRADE, MARCH 2023

                                                                                                                               

Month-over-month (Mar 2023 vs. Feb 2023, seasonally adjusted turnover value)

In the European Union, retail sales were down 0.3%. In the Euro Area, retail sales were down 0.5%.

 

Year-over-year (seasonally adjusted turnover value)

In the European Union, on a year-over-year basis, retail sales were up 4.2% in March 2023 vs. March 2022. In the Euro Area, retail sales were up 3.7% in March 2023 vs. March 2022.

 

Year-to-date (Jan-Mar 2023 vs. Jan-Mar 2022, seasonally adjusted turnover value)

In the European Union, retail sales were up 6.6%. In the Euro Area, retail sales were up 5.8%.

By member state, where data is available, the strongest growth in annual retail sales occurred in Romania, Bulgaria, and Hungary. The weakest growth was reported in Germany, Sweden, and Denmark. 

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:  EuroStat. Database



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