Romania’s retail sales rose 5.3 pct y/y in July, the slowest pace in 4 months

Sorin Melenciuc 04/09/2018 | 10:58

The retail sales, a key index of consumer market, rose by 5.3 percent year-on-year in July, the slowest pace in the last four months, according to a National Institute of Statistics (INS) report released on Tuesday.

In the first seven months of this year, the retail trade growth rate slowed down to 6.4 percent, from 6.5 percent in January-June 2017.

Retail trade was sustained in July by non-food products, which rose by 7.2 percent year-on-year, and by sales of food, beverages and tobacco (+5.8 percent).

Sales of fuels increased by 1.9 percent year-on-year in July.

Compared with June, the retail trade declined by 0.9 percent in seasonally adjusted series, but grew by 5.4 percent in gross series.

In 2017, retail sales rose by 10.7 percent in Romania from the previous year.

Romania’s consumer market increased with more than EUR 10 billion in 2017, to EUR 114.8 billion, due mainly to higher wages paid by employers, recent Eurostat data show.

The “final consumption expenditure of households” index, a measure of consumer market, rose from EUR 96.5 billion in 2015 to EUR 104 billion in 2016 and to EUR 114.8 billion in 2017, according to Eurostat statistical series.

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