Volume of services to Romanian households up 16% y/y in Jan-Apr

The volume of services delivered to Romanian households increased by 9% y/y in April and 16.1% y/y in January-April, the statistics office INS announced.

The growth is stronger than that posted by the retail sales (+3.4% y/y in January-April), but this reflects the milder impact of inflation on higher-income households, which account for the largest part of the consumption of the services.

The most relevant growth rate was in the HoReCa sector: 11.5% y/y in April and 20% y/y in January-April. The tour operators also reported robust growth rates: 4.1% y/y in April and 152% y/y in the first four months of the year.

Beauty salons also reported 16% stronger activity in January-April, while the gambling houses’ business advanced by 4.7% in the same four-month period. The laundry services segment is highly active on a low base: +58.6% y/y in January-April.

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