Retail sales in the Euro Area dropped by 1.1% month-over-month in December 2023, following a revised 0.3% growth the month before and compared with market expectations of a 1% fall. Trade declined at the fastest pace in a year as persistent high inflation and elevated borrowing costs continued to weigh on demand. Sales of food, drinks, and tobacco fell for a third consecutive time and at a faster pace (-1.6% vs -0.1% in November), while those of non-food products dropped after two months of increases (-1.0% vs 0.3%). Additionally, online trade tumbled by 3.7%, marking the largest decrease since July 2021. Fuel sales were also down by 0.5%, following a 1.8% rise in November. On a yearly basis, retail sales fell by 0.8%, marking the 15th consecutive month of contraction. source: EUROSTAT

Retail Sales In the Euro Area decreased 1.10 percent in December of 2023 over the previous month. Retail Sales MoM in Euro Area averaged 0.10 percent from 1995 until 2023, reaching an all time high of 19.20 percent in May of 2020 and a record low of -11.30 percent in April of 2020. This page provides the latest reported value for - Euro Area Retail Sales MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Retail Sales MoM - data, historical chart, forecasts and calendar of releases - was last updated on March of 2024.

Retail Sales In the Euro Area decreased 1.10 percent in December of 2023 over the previous month. Retail Sales MoM in Euro Area is expected to be -0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Retail Sales MoM is projected to trend around 0.40 percent in 2025, according to our econometric models.

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Euro Area Retail Sales MoM


Calendar GMT Reference Actual Previous Consensus TEForecast
2024-01-08 10:00 AM
Retail Sales MoM
Nov -0.3% 0.4% -0.3% -0.1%
2024-02-06 10:00 AM
Retail Sales MoM
Dec -1.1% 0.3% -1% -1.0%
2024-03-06 10:00 AM
Retail Sales MoM
Jan -1.1% 0.1% 0.3%


Related Last Previous Unit Reference
Retail Sales MoM -1.10 0.30 percent Dec 2023
Retail Sales YoY -0.80 -0.40 percent Dec 2023
Consumer Spending 1540.80 1536.66 EUR Billion Sep 2023
Disposable Personal Income 2197312.00 2178512.00 EUR Million Sep 2023
Personal Savings 14.02 14.33 percent Sep 2023
Households Debt to Income 93.09 96.79 percent Dec 2022

Euro Area Retail Sales MoM
In the Euro Area, retail sales show the evolution of the total amount of goods sold. Among them, food drinks and tobacco account for the highest share (39.3 percent); followed by electrical goods and furniture (12.0 percent share); computer equipment books and other (11.4 percent share); pharmaceutical and medical goods (9.9 percent share); textiles, clothing, footwear (9.2 percent share); auto fuel (9.1 percent share); other non-food products (6.0 percent share) and mail orders and internet (2.9 percent share). Among countries, Germany has the highest weight (25.9 percent), followed by France (21.7 percent), Italy (16.1 percent) and Spain (11.4 percent). Others are Netherlands (5.2 percent); Belgium (4.3 percent); Greece (3.0 percent); Austria (2.8 percent); Portugal (2.4 percent); Finland (1.8 percent); Ireland (1.7 percent); Luxembourg and Slovakia (0.8 percent each); Slovenia (0.6 percent); Lithuania (0.4 percent); Latvia and Cyprus (0.3 percent); Estonia (0.2 percent) and Malta (0.1 percent).
Actual Previous Highest Lowest Dates Unit Frequency
-1.10 0.30 19.20 -11.30 1995 - 2023 percent Monthly
Constant Prices, SA

News Stream
Eurozone Retail Sales Fall the Most in a Year
Retail sales in the Euro Area dropped by 1.1% month-over-month in December 2023, following a revised 0.3% growth the month before and compared with market expectations of a 1% fall. Trade declined at the fastest pace in a year as persistent high inflation and elevated borrowing costs continued to weigh on demand. Sales of food, drinks, and tobacco fell for a third consecutive time and at a faster pace (-1.6% vs -0.1% in November), while those of non-food products dropped after two months of increases (-1.0% vs 0.3%). Additionally, online trade tumbled by 3.7%, marking the largest decrease since July 2021. Fuel sales were also down by 0.5%, following a 1.8% rise in November. On a yearly basis, retail sales fell by 0.8%, marking the 15th consecutive month of contraction.
2024-02-06
Euro Area Retail Sales Fall as Expected
Retail sales in the Euro Area dropped by 0.3% from the previous month in November of 2023, trimming the upwardly revised 0.4% jump in October and aligned with the market’s consensus to mark the sharpest decline in retail volume since August. Sales of food, beverages, and tobacco fell by 0.1% to mark a second consecutive monthly contraction. Additionally, non-food sales, with the exclusion of fuel, dropped by 0.4% amid a 1.2% slump in online retail. Among the currency bloc’s largest economies, retail volume contracted by 2.5% in Germany, offsetting the 0.4% increase in France. On an annual basis, retail sales fell by 1.1%, marking the 14th consecutive period of contraction.
2024-01-08
Eurozone Retail Sales Rise Less than Expected
Retail sales in the Euro Area increased by 0.1% month-over-month in October 2023, breaking a four-month streak of declines or stagnant growth and falling short of market expectations of a 0.2% rise. Consumer demand remained subdued due to persistent high inflation and elevated borrowing costs. Notably, sales of food, drinks, and tobacco fell by 1.1%, the largest drop since March, while sales of automotive fuel dipped by 0.8%, slipping back into contraction territory. Meanwhile, sales of non-food products grew by 0.8%, rebounding from two straight months of declines, with online trade also surging by 2.2%. Among the bloc's largest economies, trade increased by 1.1% in Germany and by 2.4% in the Netherlands, but declined by 1.0% in France and by 0.4% in Spain.
2023-12-06