retail & wholesale: key sector in the european economy
DESCRIPTION
Hosted by EuroCommerce, the European Retail Round Table, and Independent Retail Europe, the economic study, "Retail & Wholesale: key sectors for the European economy" was launched at an event in Brussels.TRANSCRIPT
April, 2014
Retail and wholesale: key sectors for the
European economy
A significant and diverse sector 5.5 mio firms 22% of all European private sector enterprises
99.9% are small or medium-sized businesses
30% of all European SMEs
€8.3 tn turnover
20% more sales than manufacturing
7 x more sales than information & communications
3 x more sales than construction
€350 bn in ecommerce sales
27% of all global retail online sales
18% consumers shop across borders
€17 bn in mobile channel sales
Sources: Enterprise, sales, employment & training and value added data – Eurostat. Online sales estimates – EMOTA, Euromonitor. Mobile channel sales estimates, Ecommerce Europe. Cross-border online consumer data – Eurostat. International retail sales estimates – Deloitte.
A significant and diverse employer 29 mio jobs (18.6 mio Retail – 10.4 mio Wholesale)
13% of all employment (± 1 in 7 jobs)
20% of all 15-24 year-olds work in retail or wholesale Employment in retail & wholesale 4 x Information & communication 5 x Finance 6 x Food industry 12 x Automotive
25 x Chemical industry
More than Agriculture
2/3 employed in SMEs
63% firms undertake vocational training
2 mio jobs in/directly from online retail
A significant & diverse contributor of value €1 tn in added value
€871 bn in demand from other sectors (excl sales)
5 out of top 10 global retailers are European
Summarising the contribution