Malta registers growth in retail trade

5th February 2020

Eurostat figures show the island was among the three EU states with the highest increases in December.

Though the volume of retail trade dropped by 1.6 per cent in the euro area and by 1.3 per cent in the EU27 in December over the previous month, Ireland, Malta and Romania balked the trend and posted the highest increases.

Malta and Ireland are members of both the EU and the euro area.

In November 2019, the retail trade volume had grown by 0.8 per cent in the euro area and by 0.9 per cent in the EU27. The average retail trade for 2019, compared with 2018, rose by 2.2 per cent in the euro area and by 2.4 per cent in the EU27.

In the euro area, the volume of retail trade decreased by 1.6 per cent for non-food products and by 1.4 per cent for food, drinks and tobacco and automotive fuels in December 2019 over the previous month. In the EU27, it dropped by 1.6 per cent for non-food products, 1.3 per cent in the case of food, drinks and tobacco and by 0.9 per cent for automotive fuels.

Among member states for which figures are available, the largest drops in the total retail trade volume were registered in Germany (-3.3 per cent), Slovenia (-2.8 per cent) and Finland (-2.3 per cent). In contrast, Ireland, Malta and Romania had the highest increases at 2.7 per cent, 1.3 per cent and 0.8 per cent respectively.

Comparing December 2019 with December 2018, the volume of retail trade in the euro area rose by 3.6 per cent for non-food products while food, drinks and tobacco decreased by 0.7 per cent and automotive fuel by 3.7 per cent.

In the EU27, there was an increase of 4 per cent for non-food items but food, drinks and tobacco dropped by 0.3 per cent and automotive fuel by 2.6 per cent.

The highest yearly increases in the total retail trade volume were observed in Romania (+8.5 per cent), Hungary (+6.1 per cent) and Malta (+5.6 per cent). Slovenia (-6.6 per cent), Slovakia (-2.5 per cent), and Finland (-1.6 per cent) posted the largest decreases.


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