World, As Seen from the most beautiful islands: Ireland and Cyprus

Eurozone retail sales fell sharply, Ireland was able to show some growth


Eurozone retail sales fell sharply in March due to the coronavirus outbreak and mitigation measures. This was reported by the European statistics agency Eurostat.

According to Eurostat, retail sales in the nineteen euro countries fell by an average of 11.2 percent compared to February. Sharp decreases were seen in sales of non-food products and fuel, for example because there was much less driving with the car. However, sales of food, drink and tobacco increased as people started hoarding groceries in anticipation of the crisis.

For the entire European Union, Eurostat recorded a 10.4 percent drop in retail sales. The largest decreases within the EU were measured in Bulgaria, France and Luxembourg. Only a slight plus could be seen in Ireland.

Sales also came under pressure as shops and shopping centers were closed in many countries. Within the product categories, the strongest sales declines were seen in clothing, footwear, electronics, furniture and books. Online sales increased as people started shopping more via the internet.

Written by: Patrick O'Brien

Patrick O'Brien is a student who is taking only the first steps in journalism. The main interest is events from the world of macroeconomics and finance.

Add comment

World, As Seen from the most beautiful islands: Ireland and Cyprus

From Trinity st. to Limassol, Cyprus

Ireland and Cyprus have one thing in common. The most beautiful islands are divided. Even proportions are strikingly similar. Both nations strive for unity and a good glass of the news. More about us under the link.

Contact us

Feel free to give us a tip: [email protected]

Recent Posts