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Retail sales fall in the eurozone and EU in August, Portugal with the biggest monthly drop

Retail sales fall in the eurozone and EU in August, Portugal with the biggest monthly drop

Retail sales fall in the eurozone and EU in August, Portugal with the biggest monthly drop

Retail sales fell in August in both the eurozone and the European Union (EU) in year-on-year and month-on-month comparisons, with Portugal recording the biggest drop compared to July (-3.0%), Eurostat announced today.

In the eurozone, the volume of retail sales fell by 2.1% in August compared to the same month in 2022 and by 1.2% year-on-year.

In the EU, the indicator fell 2.0% year-on-year and 0.9% compared to July.

Compared to July, Portugal (-3.0%), France (-2.8%) and Belgium (-1.5%) had the biggest falls, while the most notable rises were seen in Luxembourg (1.9%), Poland (1.7%) and Denmark (1.6%).

According to the EU’s statistical office, Slovenia (-21.5%), Belgium (-8.5%) and Estonia (-7.9%) recorded the biggest year-on-year drops in retail sales, with Luxembourg (8.7%), Spain (8.1%) and Cyprus (5.9%) showing the main increases.

In Portugal, the indicator fell by 0.4% compared to August 2022.

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