Eurostat report on July: Romania is leading the retail growth in EU | Progresiv

Romania reported the biggest retail growth rate in EU in July, compared with the same month in 2015. The volume of retail sales in Romania increased by 13.5%  in the above mentionned period of time, as compared to 3.5% growth rate at EU level. The second biggest growth rate in July was registered in Luxembourg (+12.2%), followed by Lithuania (+6.2%).

In July 2016 compared with June 2016, the seasonally adjusted volume of retail trade rose by 1.1% in the euro area (EA19) and by 1.0% in the EU28, according to estimates from Eurostat - the statistical office of the European Union. In June, the retail trade volume decreased by 0.1% in the euro area and by 0.2% in the EU28. In July 2016 compared with July 2015, the calendar adjusted retail sales index increased by 2.9% in the euro area and by 3.5% in the EU28.

The index of the volume of retail trade measures the evolution of the turnover in retail trade, adjusted for price changes (deflated), i.e. the evolution of the total amount of goods sold, based on data adjusted for calendar and seasonal effects.