Luxembourg and Romania registered the most significant advance in retail sales in the European Union in August in comparison to the same period last year.

Romania saw a 11.7% annual increase in its retail sales, slightly exceeded by Luxembourg, which recorded a yearly growth of 12.6%, according to the EU’s statistical office.

At EU level, the retail trade grew by 2.1% year-on-year. In the Eurozone the advance was even lower, amounting to only 0.6%.

The retail trade in the European Union was influenced by the 2.9% increase in the sales of food, beverages and cigarettes whereas the sales of fuel increased by 1%.

In August, the only drops in the retail trade were recorded by France (-1.5%) and Denmark (-0.8%).

editor@romania-insider.com