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Economy in Brief

EMU Retail Sales And Car Registrations Show Some Gains
by Robert Brusca March 3, 2010

Retail Sales in the Zone edged higher in January at the same pace as in December and November. The growth rate for e-Zone retail sales is improving Yr/Yr but it is still falling. The sequential growth rates show steady if snail’s pace improvement.

Auto registrations bolstered by some government incentive programs made a strong recovery from crisis lows but have fallen over the past two months. Still the level of sales remains strongly higher Yr/Yr.

Europe’s consumer is improving but doing so at a very slow pace. The consumer sector is not leading but following the trade block into recovery. Two of the larger EU countries that have reported sales at this point, Germany and the UK, are laggards when it comes to retail sales improvement.

Euro-Area Retail Sales
  M/M Saar
  Jan-10 Dec-09 Nov-09 3-Mo 6-MO 12-Mo
Zone Total Value 0.2% 0.2% 0.2% 2.4% 1.1% -1.1%
Food,Bev Tobacco -0.1% -0.1% -0.2% -1.8% -2.1% -2.1%
Registrations:
Motor Vehicle Reg -0.4% -3.1% 1.1% -9.4% -0.8% 20.8%
NonFood Country detail: Volume
Germany Value 0.0% 0.9% -1.2% -1.2% -0.6% -0.2%
UK(EU) Volume -1.8% -0.3% -0.4% -9.3% -3.4% 0.8%
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