Spain, Second Largest Year-on-year Drop In EU Retail Trade In April

Brussels, Jun 4 (EFECOM) .- Spain registered the second largest year-on-year drop in the entire European Union (EU) in the volume of retail sales during April, as it recorded a decrease of 29.8% in the fourth month of 2020 compared to the same period of 2019, as reported on Thursday by the community statistics office, Eurostat.

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If the monthly comparison is made, the country experienced a decrease of 19.4% in April compared to March of the same year, which was also one of the steepest drops in the entire community club.

Thus, Eurostat stressed that during April the containment measures against the coronavirus pandemic applied by the Member States had “a significant impact” on retail trade, as happened a month earlier.

In the EU as a whole, the volume of retail trade decreased by 11.1% in April compared to March, while in the eurozone the drop was 11.7%.

During the third month of 2020, the indicator had fallen by 11.1% in the nineteen countries that share the euro and by 10.1% in the Twenty-seven.

In year-on-year terms, the decrease in retail trade in April of this year compared to the same month of 2019 was 19.6% in the shared currency area and 18% in the entire community club.

During April compared to March 2020, the volume of retail sales fell in the euro area by 27.7% in automotive fuels, 17% in non-food products and 5.5% in food, beverages and tobacco.

In the EU, the drop was 25% in car fuels, 14.7% in non-food products and 5.9% in food, beverages and tobacco.

The Community Statistical Office noted that the volume of retail trade by post and Internet grew by 10.9% in the euro area and by 11.9% across the Union.

Among the countries for which Eurostat published data today, the largest decreases in the volume of retail trade occurred in Malta (25.1%), Romania (22.3%) and Ireland (21.9%), in contrast to the only increase in Finland (0.3%), while in Sweden the indicator remained stable.

If the year-on-year comparison is made, retail sales volume in April 2020 compared to the same month a year earlier decreased in the euro area by 46.9% in automotive fuels and 33.6% in products non-food, while food, beverages and tobacco increased by 2.5%.

In the Twenty-Seven, the indicator decreased by 42.6% in automobile fuels and by 29.7% in non-food products, in contrast to the 1.4% increase in food, beverages and tobacco.

The indicator fell in all the Member States for which Eurostat provided data, with the sharpest decreases recorded in France (31.1%), Spain (29.8%), Malta (24.8%) and Luxembourg (24, 7%).

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