Romania’s retail sales up 9.3% y/y in Q1 2014

By bne IntelliNews May 6, 2014

Romania’s retail sales volume index increased by 9.3% y/y in the first quarter of 2014 after an outstanding 13.6% y/y expansion in March, the statistics office reported. The workday- and seasonally-adjusted sales index surged by 5.2% q/q in Jan-Mar, thus marking the third consecutive quarterly positive performance.

The sales of non-food items performed above the average in both the first quarter and in March alone, while the sales of food items lagged behind the average. Thus, the non-food sales expanded by 13.1% y/y in full Q1 and by 16% y/y in March alone. Their performance was already remarkable in 2013.

As a result, the non-food retail sales index, seasonally- and workday-adjusted was in Q1 only 0.5% below the peak pre-crisis level reached in Q2 2008, while the overall retail sales still lag a significant 9.2% below the peak level. Particularly the food sales were 13.6% below the Q2 2008 level, while the sales of car fuels were 15.2% lower.

The retail sales performed impressively in March, partly helped by the car fuel excise hike as of April 1 that pushed up fuel sales by 17.4% in March.

Retail sales volume index 2009 2010 2011 2012 2013 Q1-14 Mar-14
Total -9.7% -6.6% -2.0% 2.9% 0.5% 9.3% 13.6%
Total, swda* q/q, m/m n.a. n.a. n.a. n.a. n.a. 5.2% 2.3%
A. Food stores -3.8% -9.6% -6.8% 2.4% -0.1% 6.1% 8.1%
B. Non-food stores -8.1% -9.0% 1.7% 1.6% 3.6% 13.1% 16.0%
C. Car fuel -19.7% 3.3% -1.6% 6.2% -3.6% 7.1% 17.4%
Source: INS, *seasonally and workday adjusted

Related Articles

Romanian president rejects justice minister’s request to dismiss head of anti-corruption body

Romanian President Klaus Iohannis said on April 16 he is rejecting a request from the justice minister to dismiss the head of the National Anticorruption Directorate (DNA), Laura Codruta Kovesi. ... more

ArcelorMittal proposes to divest assets in Czech Republic, Macedonia and Romania

International steel and mining company ArcelorMittal said on April 13 it has proposed a divestment package to the European Commission in a bid to obtain approval for its planned acquisition of ... more

Romania’s Restart Energy raised €30mn via ICO

Romanian electricity and gas supplier Restart Energy raised €30mn in cryptocurrencies by issuing 400mn MWAT tokens in an Initial Cryptocurrency Issue (OCO) aimed at financing a blockchain-based ... more

Dismiss