Retail trade volumes grow in Europe during July

03 September 2010 12:43  [Source: ICIS news]

LONDON (ICIS)--EU volumes of retail trade, which includes many key end users of the petrochemical industry, has been steadily increasing since a slight fall in April, with a 1.0% growth in July year on year, the European statistics office Eurostat said on Friday.

Figures also showed that during July 2010, the retail sales index rose by 1.1% in the 16-member eurozone (EA16).

Among the member states for which data was available, total retail trade rose in eleven and decreased in eight. The highest increases were witnessed in France (+6.1%), Poland (+5.2%) and Finland (+4.5%), while the biggest falls were seen in Lithuania (-8.8%), Romania (-8.0%) and Bulgaria (-4.8%).

Month on month, the volume of retail trade in July increased by 0.1% in both the EA16 and the 27 EU member states.

A wide variety of products manufactured by the chemicals industry are used in many products included in the retail trade index, including textiles, furniture, pharmaceutical and medical goods.

($1 = €0.78)

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By: Franco Capaldo
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