Corporate DispatchPro
RETAIL REGISTERS ONE OF THE HIGHEST ANNUAL INCREASES IN THE EU Total retail trade grew by 22 per cent between May 2020 and May 2021, well above the 9.0 per cent average registered in the EU. Data by Eurostat shows that the highest increase was recorded by Bulgaria (23.9%) and Ireland (22.4%). Compared with the April 2021, the volume of trade in Malta went up by 2.6 per cent, below the EU average of 4.63 per cent. France recorded the highest growth (9.9%) followed by the Netherlands (9.3%) and Estonia (8.1%). On the other hand, Latvia, Finland, and Luxembourg registered a decrease month-on-month.
YOUTH UNEMPLOYMENT DROPS BELOW TWO THOUSAND Youth unemployment stood at 1,944 in May, the first time it fell below 2,000 in a year. Figures by the National Statistics Office show a month-on-month decrease of 0.7 percentage points in the unemployment rate of people in the 18-24 age bracket. The rate stood at 7.4 per cent, the lowest in the twelve months under review. Total unemployment dropped to 10,105, down by 121 from April, registering a rate of 3.7 per cent. Registered unemployment fell by 0.1 percentage points among both women and men, settling at a total rate of 3.6 among the former and 3.7 per cent among the latter. In May 2020, unemployment stood at just over 12,000, a rate of 4.5 25
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