Retail trade down by 0.2% in eurozone, up in Portugal
Retail trade was down by 0.2% in August 2018, in comparison to July, according to Eurostat. The highest decrease was witnessed in Latvia (-1.2%) and the second largest increase in Portugal (+1.1%).
According to Eurostat’s estimates, retail trade was down by 0.2% in the eurozone in August, when compared to the previous month of July, although it remained unchanged in the EU28. The volume of retail trade in July was down by 0.6% in July in the eurozone, in comparison with June.
The volume of retail trade for automotive fuel was down by 0.6% in August, in the eurozone, and by 0.3% for food, drinks and tobacco. On the EU28 level, the volume increased by 0.3% for food, drinks and tobacco, while automotive fuels fell by 0.9%.
Portugal (+1.1%) registered the second highest increase in retail volume this month, surpassed only by Sweden (+1.2%). Last month, Portugal’s retail trade volume had decreased by 1%, after it had increased in May in comparison to the previous month, by 4.8%. However, in April Portugal had shown its worst performance in retail trade volume, registering a 3.5% downward fall.
