The economy of Slovenia shows good results. In November last year, the volume of retail sales on a monthly level increased by 1.4%, and on the annual level – by 11.3%.
Luxembourg. In November 2016, as compared to October 2016, the retail sales volume in the euro region decreased by 0.4% and in the EU in general – by 0.1%. According to the European Statistics Office (Eurostat), in November the volume of sales in the euro region in the annual run rose by 2.3% and in the EU – by 3.4%. Slovenia showed an increase in retail sales both on monthly and annual levels.
In November, the volume of retail sales in Slovenia on a monthly level increased by 1.4%, and on the annual level – by 11.3%. These indicators are excellent for the economy of Slovenia.
Among the EU member states, the Eurostat has noted the largest decline in retail sales on a monthly level in Germany (-1.8%), Austria and Portugal (-1.3% each), and Denmark (-0.3%). On the other hand, the highest growth rates are recorded in Luxembourg (+6.2%), Estonia (+1.7%) as well as in Slovenia, Romania and Slovakia (+1.4% each).
In the countries of euro region, the 2.3% growth in retail sales on the annual level is a consequence of the 2.9% growth in non-food sales and the 1.8% growth in the sales of food, beverages and tobacco. The sale of motor oils increased by 1.9%.
In the EU in general, the growth of retail sales was also the consequence of the 4.7% growth in non-food sales and the 2.1% growth in the sales of food, beverages and tobacco. The sale of motor oils increased by 2.3%.
At the annual level, the highest growth in retail sales was observed in Luxembourg (+12.4%), Slovenia (+11.3%) and Romania (+9.5%), and the decline was recorded in Belgium (-0.2%).