Volume of retail trade up by 0.1% in both the euro area and the EU (2024)

Euro indicators 5 July 2024 Next release: 6 August 2024

May 2024 compared with April 2024

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Up by 0.3% in the euro area and by 0.6% in the EU compared with May 2023

Overview

In May 2024, compared with April 2024, the seasonally adjusted retail trade volume increased by 0.1% in both the euro area and the EU, according to first estimates from Eurostat, the statistical office of the European Union.

In April 2024, retail trade volume fell by 0.2% in both the euro area and the EU.

In May 2024, compared with May 2023, the calendar adjusted retail sales index increased by 0.3% the euro area and by 0.6% in the EU.

Volume of retail trade up by 0.1% in both the euro area and the EU (1)

Monthly comparison by retail sector and by Member State

In the euro area in May 2024, compared with April 2024, the volume of retail trade

  • increased for food, drinks, tobacco by 0.7%,

  • decreased for non-food products (except automotive fuel) by 0.2%,

  • increased for automotive fuel in specialised stores by 0.4%.

In the EU, the volume of retail trade

  • increased for food, drinks, tobacco by 1.2%,

  • decreased for non-food products (except automotive fuel) by 0.4%,

  • remained stable for automotive fuel in specialised stores.

Among Member States for which data are available, the highest monthly increases in the total retail trade volume were recorded in Denmark (+2.3%), Lithuania (+1.8%) and Luxembourg (+1.7%). The largest decreases were observed in Slovakia (-1.0%), Ireland (-0.9%), Bulgaria and Malta (both -0.8%).

Annual comparison by retail sector and by Member State

In the euro area in May 2024, compared with May 2023, the volume of retail trade

  • increased for food, drinks, tobacco by 0.3%,

  • increased for non-food products (except automotive fuel) by 0.7%,

  • decreased for automotive fuel in specialised stores by 0.6%.

In the EU, the volume of retail trade

  • increased for food, drinks, tobacco by 0.7%,

  • increased for non-food products (except automotive fuel) by 0.9%,

  • decreased for automotive fuel in specialised stores by 0.8%.

Among Member States for which data are available, the highest annual increases in the total retail trade volume were recorded in Luxembourg (+10.4%), Croatia (+8.4%) and Romania (+6.5%). The largest decreases were observed in Belgium (-5.2%), Estonia (-4.0%) and Slovenia (-1.1%).

Tables

Volume of retail trade

% change compared with the previous month*

Dec-23

Jan-24

Feb-24

Mar-24

Apr-24

May-24

Euro area

Total retail trade

-0.5

0.0

-0.1

0.7

-0.2

0.1

Food, drinks, tobacco

-0.6

0.3

-0.3

1.1

-0.9

0.7

Non-food products (except automotive fuel)

-0.6

0.3

0.4

0.0

0.5

-0.2

Automotive fuel in specialised stores

0.4

0.5

-1.0

0.8

-0.7

0.4

EU

Total retail trade

-0.5

0.3

0.0

0.5

-0.2

0.1

Food, drinks, tobacco

-0.4

0.4

-0.2

0.8

-1.1

1.2

Non-food products (except automotive fuel)

-0.7

0.4

0.5

-0.1

0.6

-0.4

Automotive fuel in specialised stores

0.7

0.2

0.1

0.3

-0.7

0.0

* Calendar and seasonally adjusted

Source dataset: sts_trtu_m

Volume of retail trade up by 0.1% in both the euro area and the EU (2)

Volume of retail trade

% change compared with the previous month*

Dec-23

Jan-24

Feb-24

Mar-24

Apr-24

May-24

Euro area

-0.5

0.0

-0.1

0.7

-0.2

0.1

EU

-0.5

0.3

0.0

0.5

-0.2

0.1

Belgium

-1.9

-0.7

-2.0

0.5

-0.5

0.4

Bulgaria

-0.7

0.8

0.4

0.1

1.3

-0.8

Czechia

0.2

1.4

-0.3

1.3

-0.1

c

Denmark

-0.3

-1.6

1.3

0.0

-2.9

2.3

Germany

-0.2

-0.3

-1.5

2.7

-0.2

:

Estonia

0.2

-2.4

1.1

0.4

-1.1

-0.6

Ireland

1.2

0.0

0.1

0.1

0.7

-0.9

Greece

2.2

-6.3

0.5

6.3

-5.8

c

Spain

-0.8

-0.5

0.6

-0.5

0.8

-0.6

France

-0.8

0.8

0.5

-0.2

-0.2

-0.2

Croatia

0.8

0.5

0.8

0.5

0.7

0.6

Italy

-0.6

0.1

0.0

0.1

-0.2

0.1

Cyprus

0.5

1.8

-1.9

2.2

-1.1

1.6

Latvia

1.0

-1.3

0.5

0.8

-2.2

0.3

Lithuania

0.1

0.8

0.8

1.6

-1.3

1.8

Luxembourg

3.2

0.8

3.7

0.2

-4.0

1.7

Hungary

1.5

0.1

-0.3

1.9

-0.9

0.0

Malta

-1.1

0.1

0.8

-1.1

1.3

-0.8

Netherlands

-0.5

1.2

0.7

-0.5

-1.2

0.8

Austria

-1.5

1.0

0.4

-0.7

2.0

-0.7

Poland

-0.8

1.8

0.7

-1.0

-0.9

-0.4

Portugal

0.3

-0.2

0.4

-0.1

2.0

0.3

Romania

-0.4

4.6

-0.3

1.0

0.6

-0.3

Slovenia

-0.3

-1.4

-0.2

2.3

-0.7

-0.4

Slovakia

2.0

-1.3

1.0

-0.6

2.4

-1.0

Finland

-1.0

0.2

0.2

0.8

-1.4

1.2

Sweden

-0.5

0.1

2.7

-2.1

0.6

0.4

Norway

-0.9

0.1

0.2

0.4

0.2

3.2

Switzerland

-0.3

0.8

0.0

-0.2

0.0

0.2

* Calendar and seasonally adjusted

: Data not available

c Confidential

Source dataset: sts_trtu_m

Volume of retail trade up by 0.1% in both the euro area and the EU (3)

Volume of retail trade

% change compared with the same month of the previous year*

Dec-23

Jan-24

Feb-24

Mar-24

Apr-24

May-24

Euro area

Total retail trade

-0.4

-0.9

-0.3

0.6

0.6

0.3

Food, drinks, tobacco

-0.1

-1.3

-1.2

1.0

-0.3

0.3

Non-food products (except automotive fuel)

-0.2

-0.7

0.7

0.7

1.2

0.7

Automotive fuel in specialised stores

-3.4

0.6

-1.5

-1.0

1.1

-0.6

EU

Total retail trade

-0.5

-0.6

0.2

1.4

0.4

0.6

Food, drinks, tobacco

0.3

-0.7

-0.5

1.3

0.0

0.7

Non-food products (except automotive fuel)

0.0

-0.5

1.1

1.7

0.8

0.9

Automotive fuel in specialised stores

-5.0

-0.5

-1.0

-1.0

0.9

-0.8

* Calendar adjusted

Source dataset: sts_trtu_m

Volume of retail trade up by 0.1% in both the euro area and the EU (4)

Volume of retail trade

% change compared with the same month of the previous year*

Dec-23

Jan-24

Feb-24

Mar-24

Apr-24

May-24

Euro area

-0.4

-0.9

-0.3

0.6

0.6

0.3

EU

-0.5

-0.6

0.2

1.4

0.4

0.6

Belgium

-3.7

-3.8

-6.8

-4.6

-5.8

-5.2

Bulgaria

0.8

-0.1

3.1

0.4

9.8

1.6

Czechia

1.2

3.3

2.5

5.8

5.3

c

Denmark

4.6

0.7

2.1

2.7

-1.7

-0.3

Germany

-0.5

-1.2

-2.3

1.0

0.3

:

Estonia

-4.3

-6.7

-3.5

-2.3

-4.9

-4.0

Ireland

1.5

1.2

1.1

1.5

0.9

-0.7

Greece

0.8

-9.3

-9.5

5.3

-6.3

c

Spain

2.7

0.3

1.8

0.6

0.6

0.0

France

-0.5

0.4

1.5

0.7

2.6

1.4

Croatia

8.5

7.9

9.1

8.9

8.6

8.4

Italy

-2.3

-2.6

-0.6

-1.3

-1.0

-0.8

Cyprus

3.8

6.1

0.6

5.0

1.9

3.8

Latvia

1.6

-1.4

-0.3

2.6

0.4

1.0

Lithuania

3.3

-0.7

2.6

6.2

2.4

5.1

Luxembourg

7.5

10.2

16.5

16.3

9.4

10.4

Hungary

-0.3

0.6

1.7

4.1

3.2

3.7

Malta

-0.3

1.6

4.4

-1.0

4.0

-0.2

Netherlands

0.6

0.9

2.5

3.2

1.5

2.3

Austria

-3.8

-2.1

-1.0

-1.9

1.8

0.7

Poland

-2.7

-1.6

2.2

8.2

-7.3

-0.8

Portugal

0.7

0.2

1.2

0.9

1.8

2.7

Romania

1.5

7.5

7.4

5.7

9.9

6.5

Slovenia

-3.4

-1.9

-4.4

-0.5

0.2

-1.1

Slovakia

-3.3

1.7

4.3

1.3

8.6

5.3

Finland

-1.7

-2.8

-2.3

0.6

-3.6

-0.8

Sweden

-3.0

-3.1

2.4

0.0

0.5

1.5

Norway

-0.2

-1.1

-0.1

0.8

1.0

3.4

Switzerland

0.1

0.1

-0.1

-0.2

2.2

0.4

* Calendar adjusted

: Data not available

c Confidential

Source dataset: sts_trtu_m

Volume of retail trade up by 0.1% in both the euro area and the EU (5)

Volume of retail trade, calendar and seasonally adjusted indices

(base year 2021)

Dec-23

Jan-24

Feb-24

Mar-24

Apr-24

May-24

Euro area

98.9

98.9

98.8

99.5

99.3

99.4

EU

99.2

99.5

99.5

100.0

99.8

99.9

Belgium

87.0

86.4

84.7

85.1

84.7

85.0

Bulgaria

106.5

107.4

107.8

107.9

109.3

108.4

Czechia

93.3

94.6

94.3

95.5

95.4

c

Denmark

94.3

92.8

94.0

94.0

91.3

93.4

Germany

96.0

95.7

94.3

96.8

96.6

:

Estonia

92.5

90.3

91.3

91.7

90.7

90.2

Ireland

101.8

101.8

101.9

102.0

102.7

101.8

Greece

100.5

94.2

94.7

100.7

94.9

c

Spain

105.2

104.7

105.3

104.8

105.6

105.0

France

101.4

102.2

102.7

102.5

102.3

102.1

Croatia

109.3

109.9

110.8

111.3

112.1

112.8

Italy

97.3

97.4

97.4

97.5

97.3

97.4

Cyprus

111.7

113.7

111.5

114.0

112.8

114.6

Latvia

104.3

102.9

103.4

104.2

101.9

102.2

Lithuania

99.9

100.7

101.5

103.1

101.8

103.6

Luxembourg

111.2

112.1

116.3

116.5

111.8

113.7

Hungary

98.6

98.7

98.4

100.3

99.4

99.4

Malta

112.6

112.7

113.6

112.4

113.9

113.0

Netherlands

99.9

101.1

101.8

101.3

100.1

100.9

Austria

94.1

95.0

95.4

94.7

96.6

95.9

Poland

106.4

108.3

109.1

108.0

107.0

106.6

Portugal

106.9

106.7

107.1

107.0

109.1

109.4

Romania

108.4

113.4

113.1

114.2

114.9

114.5

Slovenia

99.2

97.8

97.6

99.8

99.1

98.7

Slovakia

102.3

101.0

102.0

101.4

103.8

102.8

Finland

91.6

91.8

92.0

92.7

91.4

92.5

Sweden

92.7

92.8

95.3

93.3

93.9

94.3

Norway

92.0

92.1

92.3

92.7

92.9

95.9

Switzerland

98.2

99.0

99.0

98.8

98.8

99.0

: Data not available

c Confidential

Source dataset: sts_trtu_m

Volume of retail trade up by 0.1% in both the euro area and the EU (6)

Volume of retail trade, calendar adjusted indices

(base year 2021)

Dec-23

Jan-24

Feb-24

Mar-24

Apr-24

May-24

Euro area

115.5

92.9

87.8

97.9

96.0

99.2

EU

115.5

92.6

88.1

98.6

96.9

100.1

Belgium

102.2

84.0

74.8

84.5

83.2

86.8

Bulgaria

118.5

98.5

96.5

104.3

108.3

106.4

Czechia

114.5

85.1

81.3

92.9

91.0

c

Denmark

108.7

85.4

81.9

92.2

90.8

98.5

Germany

107.3

88.1

85.1

98.5

96.2

:

Estonia

104.7

81.2

77.6

90.8

87.3

93.5

Ireland

137.8

94.3

95.1

93.1

98.0

96.3

Greece

111.0

85.8

89.1

95.7

93.0

c

Spain

122.0

104.1

92.0

101.3

101.3

104.1

France

123.1

97.6

90.8

99.8

99.1

100.0

Croatia

111.8

89.2

88.7

102.6

106.8

113.4

Italy

117.8

91.5

87.1

94.1

88.2

97.4

Cyprus

136.5

102.5

97.0

109.4

109.1

111.9

Latvia

115.5

91.4

87.9

100.8

98.1

104.6

Lithuania

112.2

90.0

87.3

101.1

99.9

107.7

Luxembourg

129.4

108.3

107.8

120.9

107.1

113.1

Hungary

116.9

85.6

85.2

98.3

95.5

99.3

Malta

126.5

101.9

100.1

107.7

110.4

115.5

Netherlands

110.7

95.8

89.2

100.5

98.6

105.0

Austria

108.1

86.8

85.7

96.8

97.5

94.6

Poland

122.3

97.4

96.8

111.7

107.7

107.6

Portugal

128.1

98.0

92.6

102.7

102.2

107.7

Romania

122.1

100.4

97.6

110.6

113.6

114.4

Slovenia

109.6

89.5

85.2

101.3

98.7

97.5

Slovakia

113.5

91.6

93.0

102.9

101.0

103.9

Finland

104.1

80.2

76.9

88.6

88.3

96.8

Sweden

103.0

81.5

80.6

91.1

93.2

100.9

Norway

108.1

82.7

77.7

88.2

87.5

102.8

Switzerland

118.0

92.6

87.9

99.6

95.6

101.5

: Data not available

c Confidential

Source dataset: sts_trtu_m

Volume of retail trade up by 0.1% in both the euro area and the EU (7)

Notes for users

Revisions and timetable

Data of previous months have been revised compared to those issued in the News Release of 6 June 2024. The monthly percentage change for April 2024 has been revised from -0.5% to -0.2% in the euro area and from -0.6% to -0.2% in theEU. The annual percentage change has been revised from 0.0% to +0.6% in the euro area and from -0.1% to +0.4% in the EU.

Methods and definitions

The index of the volume of retail trade measures the evolution of the turnover in retail trade, adjusted for price changes (deflated), i.e. the evolution of the total amount of goods sold, based on data adjusted for calendar and seasonal effects.

Seasonally adjusted euro area and EU series are calculated by aggregating the seasonally adjusted national data.

Missing observations from Member States for recent months are estimated for the calculation of the euro area and the EU aggregates.

Starting with reference period January 2024, the base year of the data has been changed to 2021, since 2018 the base year had been 2015. More information on the reasons for and impact of the base year change can be found in the related Statistics Explained article.

Geographical information

The euro area (EA20) includes Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.

The European Union (EU27) includes Belgium, Bulgaria, Czechia, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland and Sweden.

For more information

  • Database section on short-term business statistics

  • Statistics Explained article on the index of retail trade

  • The weights of the Member States in the EU and euro area aggregates
    (See file Base year 2021 weights - Euro indicators releases)

  • Euro indicators dashboard

  • Release calendar for Euro indicators

  • European Statistics Code of Practice

Get in touch

Media requests

Eurostat Media Support

Phone: (+352) 4301 33 408

E-mail: eurostat-mediasupport@ec.europa.eu

Further information on data

E-mail: ESTAT-STS-DATA@ec.europa.eu

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'; } /** Close the tooltip content container */ tooltipContent += '

'; /** Return the formatted tooltip content */ return tooltipContent; }}/* * This content is licensed according to the W3C Software License at * https://www.w3.org/Consortium/Legal/2015/copyright-software-and-document * * File: sortable-table.js * * Desc: Adds sorting to a HTML data table that implements ARIA Authoring Practices */'use strict';class SortableTable { constructor(tableNode) { this.tableNode = tableNode; this.columnHeaders = tableNode.querySelectorAll('thead th.sortable'); this.sortColumns = []; for (var i = 0; i < this.columnHeaders.length; i++) { var ch = this.columnHeaders[i]; var buttonNode = ch.querySelector('button'); if (buttonNode) { this.sortColumns.push(i); // buttonNode.setAttribute('data-column-index', i); // buttonNode.addEventListener('click', this.handleClick.bind(this)); ch.setAttribute('data-column-index', i); ch.addEventListener('click', this.handleClick.bind(this)); } } this.optionCheckbox = document.querySelector( 'input[type="checkbox"][value="show-unsorted-icon"]' ); if (this.optionCheckbox) { this.optionCheckbox.addEventListener( 'change', this.handleOptionChange.bind(this) ); if (this.optionCheckbox.checked) { this.tableNode.classList.add('show-unsorted-icon'); } } } setColumnHeaderSort(columnIndex) { if (typeof columnIndex === 'string') { columnIndex = parseInt(columnIndex); } for (var i = 0; i < this.columnHeaders.length; i++) { var ch = this.columnHeaders[i]; var buttonNode = ch.querySelector('button'); if (i === columnIndex) { var value = ch.getAttribute('aria-sort'); if (value === 'ascending') { ch.setAttribute('aria-sort', 'descending'); this.sortColumn( columnIndex, 'descending', ch.classList.contains('num')); } else if (value === 'descending') { ch.removeAttribute('aria-sort'); this.sortColumn( columnIndex, 'initial', true ); } else { ch.setAttribute('aria-sort', 'ascending'); this.sortColumn( columnIndex, 'ascending', ch.classList.contains('num') ); } } else { if (ch.hasAttribute('aria-sort') && buttonNode) { ch.removeAttribute('aria-sort'); } } } } sortColumn(columnIndex, sortValue, isNumber) { function compareValues(a, b) { if (a.value === b.value) return 0; if (sortValue === 'descending') { return isNumber ? b.value - a.value : (a.value > b.value ? -1 : 1); } else { return isNumber ? a.value - b.value : (a.value < b.value ? -1 : 1); } } if (typeof isNumber !== 'boolean') { isNumber = false; } var tbodyNode = this.tableNode.querySelector('tbody'); var rowNodes = []; var dataCells = []; var rowNode = tbodyNode.firstElementChild; var index = 0; while (rowNode) { rowNodes.push(rowNode); var rowCells = rowNode.querySelectorAll('th, td'); var dataCell = rowCells[columnIndex]; var data = {}; data.index = index; if (sortValue !== 'initial') { data.value = dataCell.textContent.toLowerCase().trim(); } else { data.value = rowNode.getAttribute('initial-position').toLowerCase().trim(); } if (isNumber) { data.value = parseFloat(data.value); } dataCells.push(data); rowNode = rowNode.nextElementSibling; index += 1; } dataCells.sort(compareValues); // remove rows while (tbodyNode.firstChild) { tbodyNode.removeChild(tbodyNode.lastChild); } // add sorted rows for (var i = 0; i < dataCells.length; i += 1) { let pos = [dataCells[i].index]; if (sortValue === "initial") { rowNodes[pos].classList.remove("sorted"); } else { rowNodes[pos].classList.add("sorted"); } tbodyNode.appendChild(rowNodes[pos]); } } /* EVENT HANDLERS */ handleClick(event) { var tgt = event.currentTarget; this.setColumnHeaderSort(tgt.getAttribute('data-column-index')); } handleOptionChange(event) { var tgt = event.currentTarget; if (tgt.checked) { this.tableNode.classList.add('show-unsorted-icon'); } else { this.tableNode.classList.remove('show-unsorted-icon'); } }}$(document).ready(function() { load(); });;}());

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Volume of retail trade up by 0.1% in both the euro area and the EU (2024)

FAQs

What is the volume of intra EU trade? ›

In 2023, the exports of goods from EU countries to other EU countries stood at 4 135 billion, a decrease of 2.4% compared to 2022.

Why should using the euro increase the volume and value of international between the eurozone countries? ›

The euro as a promoter of trade

The stability of the euro makes it attractive for businesses around the world trading with the EU to accept prices quoted in euro. This saves European businesses from the costs of currency movements and of converting into other currencies.

What will retail sales in Europe be in 2024? ›

Combined retail sales in the five countries—which account for 71.6% of retail sales in Western Europe—will rise 3.7% to hit $3.737 trillion in 2024, per our forecast. Economic growth will accelerate next year. In the UK, GDP growth is expected to rise from 0.5% in 2024 to 0.9% in 2025, per KPMG.

What percentage of trade is with EU? ›

EU share of UK trade

The EU accounted for 52% of UK imports in 2023 (55% of goods imports and 46% of services imports). The EU accounted for between 50% and 53% of UK imports between 2010 and 2020. This fell to 47-48% in 2021 and 2022.

What is the volume limit in the EU? ›

The EU has passed a ruling, following concerns that listening to the portable music players at high volume could cause hearing damage, that MP3 players must not be louder than a maximum setting at 85 decibels..

How does the euro benefit the EU? ›

The euro has eliminated the costs of exchange rate fluctuations within the euro area. This protects consumers and businesses within the euro area from costly swings in currency markets, which, in some countries, used to undermine confidence, discourage investment and cause economic instability.

What are the advantages and disadvantages of the euro currency market? ›

The advantages of the euro include promoting trade, encouraging investment, and mutual support. On the downside, the euro was blamed for overly rigid monetary policy and accused of a possible bias in favor of Germany.

Which countries benefit the most from the euro? ›

In its analysis, cep comes to the conclusion that Germany has gained most from the introduction of the euro: almost € 1.9 trillion between 1999 and 2017. This amounts to around € 23,000 per inhabitant. Otherwise, only the Netherlands has gained substantial benefits from the introducing the euro.

What is the fastest growing retailer in Europe? ›

Action is the fastest growing non-food discounter in Europe, offering 17.3 million customers an ever-changing variety of 6,000 products in more than 2,650 stores while catering to 9.6 million online visitors.

Which country has the highest retail sales? ›

The world's leading retail markets

In 2023, the total retail market of the United States reached a revenue of over seven trillion U.S. dollars. Another giant market in the consumer goods and retail industry, China's retail revenue was 15.42 trillion yuan, or over two trillion U.S. dollars in 2022.

What country is the world's fastest growing retail market? ›

The World's Top 5 Fastest Growing Ecommerce Markets
  1. Mexico. Mexico may not have been your first guess at the country to top this list. ...
  2. India. India has drawn the attention of retail giant Walmart (who acquired Flipkart), and ecommerce powerhouses Amazon and eBay, among others. ...
  3. Philippines. ...
  4. China. ...
  5. Malaysia.

How big is the EU internal market? ›

The EU27 accounts for around 14% of the world's trade in goods. The EU, China and the United States are the three largest global players in international trade. In 2021, the EU accounted for € 4 300 billion in total global trade. Intra-EU trade was valued at € 6 786 billion in 2021.

What is the volume of trade in international trade? ›

The volume of trade refers to the total number of shares or contracts exchanged between buyers and sellers of a security during trading hours on a given day. The volume of trade is a measure of the market's activity and liquidity during a set period of time.

What is intra-EU trade? ›

The exports of a particular Member State, for instance, can be split into two parts, on the one hand to the countries outside the EU, the rest of the world, 'extra-EU', and on the other to the other Member States, 'intra-EU'.

What is the intra day volume? ›

Moreover, the calculation of intraday volume is easy. To calculate, just divide the chosen period by the total volume booked during that time frame. However, to better understand, let's look at an example: For, over the last 60 trading days, calculate a stock's average daily trading volume.

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