Romania’s retail trade posts highest increase among EU member states at 15 pct y-o-y

Newsroom 07/01/2016 | 13:14

Romania posted a 15 percent y-o-y increase in retail trade in November 2015, the highest among EU member states, according to data published by Eurostat, the statistical office of the European Union.

The bloc registered an overall 2.6 percent increase, mainly due to rises of 3.4 percent for both non-food products and automotive fuel and of 1.2 percent for food, drinks and tobacco. Other countries that registered positive values were Poland (+5.9 percent) and the United Kingdom (+5.4 percent), while decreases were observed in Belgium (-2.5 percent) and Latvia (-0.7 percent).

When comparing November 2015 with the previous month, Romania once again had the highest increase, of 2.6 percent, followed by the United Kingdom (+1.8 percent) and Poland (+1.6 percent). The largest decreases were seen in Latvia (-3.2 percent), Portugal (-1.6 percent) and Estonia (-1.5 percent).

The EU posted an overall 0.2 percent increase in the volume of retail trade, due to a rise of 0.4 percent for non-food products. Food, drinks and tobacco fell by 0.1 percent and automotive fuel by 0.3 percent.

The National Institute for Statistics (INS) reported a 15 percent annual increase in gross series (13 percent in adjusted numbers) and 2.3 percent (gross series) when compared to the previous month. The rise stood at 2.5 percent as adjusted series according to the number of working days and seasonality.

For the first 11 months, retail trade saw an 8.2 percent growth (gross series), the INS further shows. This was due to increases across all segments: the sale of food, beverages and tobacco (+18.4 percent) the retail of automotive fuel in specialized stores (+6.1 percent) and the sale of non-food products (+1.8 percent).

As adjusted series, retail sales volumes went up 7.6 percent due to the increments registered by the sale of food, beverages and tobacco (+17.7 percent), by the retail of automotive fuel in specialized stores (+6.0 percent) and by the sale of non-food products (+1.7 percent).

The euro area saw an annual drop in retail volumes, however, decreasing 0.3 percent, while compared to the previous month November 2015 brought on a 1.4 percent increase.

Natalia Martian

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