Retail trade in the euro area fell 0.8% in February

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HE volume retail trade 1 percent of the eurozone fell 0.8 percent in February compared to the previous month.Compared to the same month of 2022, it increased by eight tenths and decreased by 3% according to the data published by Eurostat.

Retail trade volume across the European Union (EU) decreased by 0.9% in February compared to January, when it increased by nine-tenths. Compared to February 2022, retail trade in Twenty-seven fell 3.1%.

Among EU countries, The biggest monthly decreases in retail trade were recorded in Slovenia (-10.5%), Hungary And Poland (both -2%) and Sweden (-1.6%), while the most significant increases compared to January were in Cyprus (+1.6%), Luxembourg (+0.8%) and Belgium (+0.7%).

Compared to February 2022, biggest annual declines It was observed in the retail trade in Hungary (-10.1%), Sweden (-8.5%) and Germany (-7%). In contrast, the largest annual increases were recorded in Cyprus (+8.3%), Luxembourg (+6.8%) and Spain (+4.7%).

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