Romaniaaa‚¬a„¢s November retail sales post the largest annual drop in the EU

Romanian retail sales fell by 8.9 percent on the year in November, the largest decrease in the European Union, according to official data released on Thursday by Eurostat. Compared with October, Romanian retail sales dropped by 1.3 percent in November, following another 4.9 percent decrease the previous month.

Among the Member States for which data are available, total retail trade rose in twelve and fell in five. The highest increases were observed in Poland (+11.8 percent), Latvia (+8.1 percent) and Estonia (+7.5 percent), and the largest decreases in Romania (-8.9 percent), Bulgaria (-5.2 percent) and Portugal (-4.7 percent), reads the Eurostat report.

In November 2010, compared with October 2010, the volume of retail trade fell by 0.8 percent in the euro area (EA16) and by 0.4 percent in the EU27. In October retail trade remained stable in the euro area and rose by 0.1 percent in the EU27.

In November 2010, compared with November 2009, the retail sales index rose by 0.1 percent in the euro area and by 0.8% in the EU27.

Simona Bazavan

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