Eurozone, EU Retail Trade Volumes Contract in April

Source: Eurostat

Retail trade volumes in both the eurozone and the European Union posted a monthly decline in April, led mainly by food, drinks, and tobacco. EZU is down 1.09%, while VGK is up 0.43%.

• Total retail trade in the eurozone declined by 1.3% from the previous month, following the 0.3% growth in March.
• The biggest drop was recorded in food, drinks, and tobacco which fell 2.6%, and non-food products, excluding automotive fuel, which slipped 0.7%.
• Compared with the same month in 2021, the total retail trade increased by 3.9%, led by the 14.6% increase in automotive fuel in specialized stores.
• Total retail trade in the European Union fell by 1.3% versus March, slower than the 0.6% growth in March.
• Food, drinks, and tobacco fell by 2.3%, while non-food products, excluding automotive fuel, slipped by 0.9%.
• The annual volume of retail trade for the month grew by 5.0%, faster than the 2.8% in March. Automotive fuel surged by 14.6%.
• The biggest monthly drops were in Slovakia, which fell 7.7%, Latvia down 3.9%, and Hungary down 2.4%.