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Romania posts largest retail trade growth in EU

13 august 2008

Information in English

 
Romania recorded a growth by 23.3% in the retail trade sector in this June against the same period in 2007, representing the most significant advance among the 27 European Union member states, according to figures released by the Office for Statistics of the European Community (Eurostat) on August 5.
Romania is followed by Slovenia (5.7% increase) and Poland (5.2%). Only 9 member states saw an annual growth in their retail trade, while another 9 member states saw drops. The most significant such drops were recorded by Latvia (minus 8.3%), Spain (minus 7.7%) and Estonia (minus 7.2%).
 
At an annual pace, June 2008 on June 2007, the retail trade volue fell by 3.1% in the euro area (EA 15) and by 1.1% in the EU 27.
The retail trade in this June compared to May grew by 4.1% in Romania, with this being also the  biggest rise in the EU 27. Sweden ranked 2nd with 1.7% rise and Poland 3rd with 0.5% rise.
As many as 13 EU member states posted shrinkages of their retail trade in June 2008 compared
with the previous month, with the most significant such drop having been recorded in Austria (minus 4.1%), Lithuania (minus 2.8%) and Portugal (minus 2.3%). The retail trade volume dropped by 0.6% in the euro area (EA 15) and by 1% in the European Union.

 

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