Romania’s industrial sales up by real 10.1% y/y in May 2014

By bne IntelliNews July 8, 2014

Romania’s retail sales index returned to the two-digit annual growth area after climbing by a real 10.1% y/y in May 2014 following a temporary slowdown in April, the statistics office reported. In nominal terms, retail sales were up 10.9% y/y in May.

The quicker increase in the months was partly an effect of earlier celebrating of the Easter-Labour Day holidays this year but still the combined April-May index that filters out such effects indicated a robust 8.5% y/y real increase in industrial sales.

The industrial activity thus returned to high growth rates in May after the Easter-Labour Day holidays caused the temporary slowdown in April. Nonetheless, the high growth rate in the month – likely to be visible in the gross industrial output index to be released on July 10, is still partly an effect of low base. The Easter-Labour Day holiday last year decreased the workdays and the industrial activity in May 2013. The workday-adjusted industrial output will likely show a slower [single-digit] growth rate.

The combined April-May real industrial sales, calculated in order to avoid the shift in the Mayday-Easter holiday, increased by 8.5% y/y. This is a robust annual advance, much lower than the 14.8% y/y in Q1 but still the second highest value in the past couple of years.

Related Articles

Romanian software producer Bitdefender takes over French peer Profil Technology

Romanian security technology company Bitdefender has acquired its French peer Profil Technology as part of its expansion strategy on the corporate segment.  The terms of the deal were not ... more

Czech CPI buys huge Central European retail portfolio

Czech real estate investor CPI Group has bought a large portfolio of Central European retail assets, local media reported on January 17. The investor, which has grown its holdings rapidly since ... more

EBRD, EIB lend €82mn to Moldova for key gas pipeline toward Romania

The European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) will lend €41mn each and the European Union will add a €10mn grant to fund a pipeline to link ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss