Romania posts largest increase of retail sales among the EU states in April

Newsroom 05/06/2018 | 13:23

Romania registered the largest increase of the retail sales among the 28 European Union member states in April, of 7.4 percent year-on-year in calendar adjusted series, Eurostat data show.

Romania is followed by Poland (+6.6 percent) and Lithuania (+6.5 percent). The largest decreases were observed in Malta (-3.1 percent), Belgium (-1.5 percent), and Slovenia (-1.4 percent).

‘’Non-food items and fuel were the main drivers for the rebound in April retail sales. Non-food retail sales accelerated from 5.4% to 9.3% year on year but were likely driven by Easter gifts, while people used more fuel to drive around the country during the Easter holidays, leading to a sharp rise in fuel sales from -3.6% to 11.8% YoY’’, ING Bank analysts said on Tuesday in a research note.

Compared with March, the highest increases in retail sales were registered in April in Germany (+2.3 percent) and Romania (+1.7 percent).

National Institute of Statistics (INS) data showed on Tuesday that Romania’s retail sales, a key index of consumer market, rose by 6.7 percent year-on-year in April, boosted by Easter holidays.

In the first four months of this year, the retail trade growth rate accelerated to 6.5 percent, from 6.3 percent in January-April 2017.

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