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

Hungarian branch of Bucharest listed Digi to buy Invitel Tavkozlesi in €140mn deal

Bucharest listed Digi Communications announced on July 21 that its Hungarian subsidiary, Digi Tavkozlesi es Szolgaltato, has signed an agreement to acquire Hungarian broadband and telephone provider ... more

Romanian media tycoon Voiculescu to be released on parole

A Romanian court ruled on July 18 that media tycoon and former politician Dan Voiculescu, who was sentenced to 10 years in prison in August 2014, should be released on parole after serving ... more

Evolution Equity Partners closes $125mn cybersecurity-focused fund

Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more

Dismiss