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Eurozone, EU Trade Volume Growth Weaken in March

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Retail trade volume growth in both the eurozone and the European Union decelerated in March, following the double-digit decline in mail orders and internet during the period.

Source: Eurostat

EZU is down 0.21%, while VGK is down 0.55%.

The euro area retail trade volume posted annual growth of 0.8% in March, slower than the 5.2% recorded in February. The biggest contraction was seen in mail orders and internet, which fell by 13.2%.

The European Union retail trade volume expanded by 1.7% from the previous year, weaker than the 5.6% increase in February. Mail orders and internet retail volume contracted by 10.5%.

Compared with the previous month, retail trade volume in the eurozone slipped by 0.4%, and in the EU by 0.2%. The highest monthly contraction recorded in both territories was seen in mail orders and the internet.

The fastest growth for the month was seen in Slovenia at 25.6%, followed by Estonia with 18.4%, Malta with 16.4%, Hungary with 16.2%, and Poland and Slovakia with 14.5% each.

Contractions were recorded in Belgium, Denmark, Spain, Cyprus, Luxembourg, Austria, and Finland.

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