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The global fashion business journal

12 Dec 201818:02

Apparel retail trade in Europe recover in October and rise 1.1%

 The sector is in that way recovered from September’s figures, when sales dropped 7.2% according to Eurostat. In spite of that, it is still the sector that has grown less in the whole Eurozone.

05 Dec 2018 — 18:00
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Europe’s fashion retail sales recover in October and rise 1.1%

 

 

European fashion retail rises up. In October, textile, clothing and footwear retail sales grew a 1.1% in the Eurozone countries in comparison to the figure gathered during the same month last year.

 

With this rise, the fashion retail sector in Europe bounces back again after shrinking its revenue a 7.2% in September, according to the last data gathered by European statistics agency Eurostat.

 

So far this year, the only months that have been positive for the sector in the Eurozone have been April, when retail sales went 1.9% up, August, with a growth of 1.6%, and now, in October. Between May and July, the sector’s revenue was maintained in negative numbers, registering downfalls of between 2.5% and 2.3%.

 

 

In the whole of the European Union, textile, clothing and footwear sales grew up in October a 1.4% in base to the same month last year. It was the fourth month in 2017 that the sector ended positively, as the business grew a 0.1% in January, a 1.9% in April and a 1.6% in May.

 

Despite the bounce back, textile was again the sector to evolve less during October. In its whole, retail sales registered an advance of 1.7% in the Eurozone, whereas the European Union’s rise stood at 2.1%.

 

The sector that raised its sales the most during the tenth month of the year was that of computer equipment, followed by the alimentation and drinks sector, with a peak of 2.3%.

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