In August, retail sales in the euro area decreased
In August, for the third month in a row, the volume of retail trade in the euro zone decreased, the statistical office of the European Union, Eurostat, announced on Thursday.
Compared to the previous month, the volume of retail trade in the euro area decreased by 0.3 percent with a seasonal adjustment in August, following the expected 0.4 percent monthly decrease and the 0.4 percent decrease in July as well. In August, retail sales in the euro area fell for the third time in a row.
In an annual comparison, the volume of retail trade decreased by 2.0 percent in August in the euro zone instead of the expected 1.7 percent decrease. In July, the annual rate of decline in traffic was 1.2 percent.
In the European Union, the volume of retail trade decreased by 0.2 percent in August compared to the previous month, after a monthly decrease of 0.2 percent in July. Over the course of a year, retail sales in the EU decreased by 1.3 percent in August after a 0.7 percent decrease in July.
MTI
Related news
EU: the application of international law is also an obligation in cyberspace
The Council of the European Union approved a statement on…
Read more >We can be cautiously optimistic
Dr Ákos Kozák, co-founder of the Equilibrium Institute gave a…
Read more >K&H: middle-aged Hungarians are more shy, despite their higher income
The income of middle-aged people shows a gradual increase over…
Read more >Related news
Why are parcel locker providers getting stuck? This data points to the reasons
Parcel terminals are becoming increasingly popular: this year, nearly three-quarters…
Read more >Using 30% less materials would be a solution to the climate crisis
The circular economy is a global imperative: it transcends geographical…
Read more >Sustainability and health: the rise of plant-based dairy products in Hungary
In recent years, plant-based dairy alternatives have gained significant popularity…
Read more >