Eurostat: Slovenia is Among the EU Countries with the Highest Rates of Retail Sales Growth
The economy of Slovenia shows good results. In November last year, the volume of retail sales on a monthly level increased by 1.4%, and on the annual level – by 11.3%.
Luxembourg. In November 2016, as compared to October 2016, the retail sales volume in the euro region decreased by 0.4% and in the EU in general – by 0.1%. According to the European Statistics Office (Eurostat), in November the volume of sales in the euro region in the annual run rose by 2.3% and in the EU – by 3.4%. Slovenia showed an increase in retail sales both on monthly and annual levels.
In November, the volume of retail sales in Slovenia on a monthly level increased by 1.4%, and on the annual level – by 11.3%. These indicators are excellent for the economy of Slovenia.
Among the EU member states, the Eurostat has noted the largest decline in retail sales on a monthly level in Germany (-1.8%), Austria and Portugal (-1.3% each), and Denmark (-0.3%). On the other hand, the highest growth rates are recorded in Luxembourg (+6.2%), Estonia (+1.7%) as well as in Slovenia, Romania and Slovakia (+1.4% each).
In the countries of euro region, the 2.3% growth in retail sales on the annual level is a consequence of the 2.9% growth in non-food sales and the 1.8% growth in the sales of food, beverages and tobacco. The sale of motor oils increased by 1.9%.
In the EU in general, the growth of retail sales was also the consequence of the 4.7% growth in non-food sales and the 2.1% growth in the sales of food, beverages and tobacco. The sale of motor oils increased by 2.3%.
At the annual level, the highest growth in retail sales was observed in Luxembourg (+12.4%), Slovenia (+11.3%) and Romania (+9.5%), and the decline was recorded in Belgium (-0.2%).