Euro area retail trade volume fell -0.7% MoM (vs -0.7% MoM expected) in May 2025 but rose +1.8% YoY (vs 1.2% YoY expected). This is the largest MoM drop since August 2023.

• Food, drinks, and tobacco sales declined -0.7% MoM (+0.5% YoY) in the euro area.
• Non-food product sales dropped -0.6% MoM but rose +2.4% YoY.
• Automotive fuel sales fell -1.3% MoM and increased +2.8% YoY.
• Sweden (-4.6% MoM), Belgium (-2.5%), and Estonia (-2.2%) had the sharpest monthly drops; Portugal (+2.1%) and Bulgaria (+2.0%) led gains.
• On a YoY basis, Cyprus (+7.9%), Bulgaria (+7.2%), and Luxembourg (+6.3%) saw the strongest growth; Finland (-2.2%) posted the steepest decline.