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Euro zone retail trade sees 0.2 pct monthly drop in Feb.

Xinhua, April 8, 2015 Adjust font size:

The seasonally adjusted retail trade volume registered a slight month-on-month fall of 0.2 percent in the 19-member euro zone in February, reported Eurostat, the European Union's (EU) statistical office, in a statement here on Wednesday.

By contrast, the seasonally adjusted retail trade volume remained stable in the 28-member EU in February, compared with figures of the previous month. In January, retail trade rose by 0.9 percent and 0.7 percent respectively in the euro zone and the EU bloc, according to Eurostat.

On a year-on-year basis, the retail sales index increased by 3.0 percent in the euro zone and 3.6 percent in the EU.

Eurostat attributed the slight monthly dip in the euro zone in February to sales in food, drinks and tobacco, and automotive fuel sector, while the non-food sector saw a monthly increase of 0.1 percent.

Among member states for which data are available, the highest monthly increases were registered in Latvia, Malta, Slovenia and Lithuania, while decreases were observed in Romania, Portugal, and Spain.

The volume of retail trade index measures the evolution of the turnover in retail trade, adjusted for price changes. Endit