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International Internet Magazine. Baltic States news & analytics Friday, 26.04.2024, 21:30

Estonia registers second fastest retail sales growth in EU in November

BC, Riga, 08.01.2015.Print version
In November 2014, compared with November 2013, Latvia's retail sales increased 4.7%, which is the seventh fastest growth among all European Union (EU) member states that have provided information, according to latest data collected by Eurostat. The highest increase in retail sales in November was registered in Luxembourg – 10.9%, Estonia – 9%, and Romania – 8.2%, writes LETA.

In Lithuania, retail trade turnover increased by 5.8%, the fifth fastest increase.

 

Meanwhile, Finland and Austria registered the only reduction in retail trade turnover – by 2.4% and 2.3% respectively.

 

In comparison with November 2013, retail sales turnover in all EU countries grew 2.6% in November 2014, while the eurozone registered a 1.6% increase.

 

Meanwhile, when compared to the previous month, retail sales turnover in the eurozone increased by 0.6% in November, and in the EU by 0.8%.

 

The fastest month-on-month increase of retail sales turnover was registered in Portugal – by three%, Poland – 2.3%, and Romania – 2.1%.

 

Meanwhile, the largest retail sales decline was registered in Finland – by two%, Austria – by 0.5%, and Belgium – by 0.2%.

 

Latvia saw a month-on-month increase of 1.3% in retail trade sales in November, Lithuania registered a 0.8% increase, while Estonia registered a 1.9% increase.






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