Eurostat: Romania Retail Trade Posts Fourth Highest Growth In EU In February

Romania posted the fourth highest annual growth in retail trade in the European Union in February 2017, of 7.5%, overtaken by Slovenia (16.8%) and Luxembourg (12.9%), Eurostat data showed Tuesday.

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Eurostat data showed Slovenia posted the highest growth in retail trade in February, of 16.8%, followed by Luxembourg with 12.9%, Lithuania (7.6%) and Romania (7.5%). The biggest declines in retail trade were registered in Belgium (-3.2%), Malta (-0.9%) and Denmark (-0.2%).

EU-wide, retail trade rose 2.2% on the year in February, due to rises for automotive fuel, the non-food sector and the food, drinks and tobacco sector. Growth stood at 1.8% on the year in the euro area.

Compared to January 2017, the highest increases in the total retail trade volume were registered in Portugal (3.1%), Croatia (2.8%) and Slovenia (2.3%), while the largest decreases were observed in Malta (-0.8%), Latvia (-0.7%) and Belgium (-0.6%).

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