Romania’s retail sales up 2.2% y/y in October

By bne IntelliNews December 4, 2013

Romania’s retail sales volume index increased by 2.2% y/y in October, the statistics office reported. This is a rather good performance compared to the 0.6% y/y contraction of the index in Jan-Sep, but it has to be confirmed by a further advance of sales in the coming months.

Indeed, there are grounds to believe that retailers have pushed up sales towards the end of the year by price cuts in order to boost their businesses amid sluggish demand. Nonetheless, on medium term there are no drivers for a sustainable resumption of domestic demand. Consumers’ confidence remains particularly low and much of the growth [expected to hit 2.5% this year] was in fact driven by agriculture thus having no impact on households’ incomes.

The seasonally and workday adjusted index edged up by 0.4% m/m but remains broadly close to the same level where it has hovered over the past 12 months. Under a broader perspective, the retail sales have stagnated over the past year around the level reached in mid-2010, before the fiscal austerity package. The index plunged as a result of the austerity package but later recovered – yet, it has not managed yet to exceed that level that is still well below the per-crisis [mid-2008] levels.

Retail Sales Index y/y 2010 2011 2012 Q1-13 Q2-13 Q3-13 Oct-13
Total -6.6% -2.0% 2.9% -0.1% -1.8% 0.2% 2.2%
Total, swda* q/q, m/m n.a. n.a. n.a. 1.0% -1.6% 2.0% 0.4%
A. Food stores -9.6% -6.8% 2.4% 1.7% -1.3% -2.2% 2.4%
B. Non-food stores -9.0% 1.7% 1.6% 0.6% 2.3% 4.1% 3.5%
C. Car fuel 3.3% -1.6% 6.2% -3.9% -8.5% -2.7% 0.1%
Source: INS, *seasonally and workday adjusted

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