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.