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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

December 06, 2023
EU AND EURO AREA RETAIL TRADE, OCTOBER 2023

Month-over-month (October 2023 vs. September 2023, seasonally adjusted turnover value)

In the European Union, retail sales were up 0.3%. In the Euro Area, retail sales increased by 0.1% from the previous month in October.                                           

Year-over-year (seasonally adjusted turnover value)

In the European Union, on a year-over-year basis, retail sales were up 3.3% in October 2023. In the Euro Area, retail sales were up 2.9% in October 2023.

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

In the European Union, retail sales were up 4.7% during the first ten months of the year when compared to the same period in 2022. In the Euro Area, retail sales were up 4.2% over the same period.

By member state, where data is available, the strongest growth in annual retail sales occurred in Spain, Cyprus, Romania, and Bulgaria. Slovenia was the only country reporting a year-to-date decline in retail sales during the January-October period.

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



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