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Iulian Ernst
Senior Editor

Iulian studied physics at the University of Bucharest, and he sees himself as a physicist in the broadest sense of the word. He also studied economics at Charles University in Prague and Central European University in Budapest, after a master’s program in business administration at Bucharest Academy of Economic Studies. Since recently, he’s been exploring coding and data analysis for business and economics. As a freelancer, he worked for nearly two decades as an analyst for ISI Emerging Markets, Euromonitor International, Business New Europe, but also as a consultant for OMV Petrom and UkrAgroConsult. Iulian was part of the founding team of Ziarul Financiar. At Romania Insider, which he joined in 2018, he is reviewing the latest economic developments for the premium bulletins and newsletters. He would gladly discuss topics such as macroeconomics, emerging markets, Prague, energy sector including renewable, Led Zeppelin, financial services, as well as tech start-ups and innovative technologies. Email him at [email protected] 

 

Romania’s retail sales surpass pre-crisis peak in October

Romania's retail sales volume index increased by 4.0% in October compared to the same month last year, driven up the non-food sales that fully offset the subdued fuel sales caused by lower mobility.

The seasonally adjusted index rose for the first time (by 1.0%) above the pre-crisis sales peak reached in February.

The non-food retail sales increased by 13.1% year-on-year (yoy) in October, the strongest annual growth rate since February. Food sales rose by a healthy 4.8% yoy, the steepest advance since the shopping rush in March when people were preparing for lockdown.

In contrast, the fuel sales lagged by 11.9% yoy in October, as the second wave of coronavirus infections was rising with a negative impact on mobility.

In seasonally adjusted terms, the retail sales advanced by 1.7% month-on-month in October, which was enough to bring the overall sales index above the pre-crisis level reached in February.

The food sales reached this performance in September and the non-food sales a couple of months earlier - but only in October their advance was strong enough to compensate for the weak fuel sales that lag a significant 14.2% behind February. 

[email protected]

(Photo source: Shutterstock)

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Profile picture for user iuliane
Iulian Ernst
Senior Editor

Iulian studied physics at the University of Bucharest, and he sees himself as a physicist in the broadest sense of the word. He also studied economics at Charles University in Prague and Central European University in Budapest, after a master’s program in business administration at Bucharest Academy of Economic Studies. Since recently, he’s been exploring coding and data analysis for business and economics. As a freelancer, he worked for nearly two decades as an analyst for ISI Emerging Markets, Euromonitor International, Business New Europe, but also as a consultant for OMV Petrom and UkrAgroConsult. Iulian was part of the founding team of Ziarul Financiar. At Romania Insider, which he joined in 2018, he is reviewing the latest economic developments for the premium bulletins and newsletters. He would gladly discuss topics such as macroeconomics, emerging markets, Prague, energy sector including renewable, Led Zeppelin, financial services, as well as tech start-ups and innovative technologies. Email him at [email protected] 

 

Romania’s retail sales surpass pre-crisis peak in October

Romania's retail sales volume index increased by 4.0% in October compared to the same month last year, driven up the non-food sales that fully offset the subdued fuel sales caused by lower mobility.

The seasonally adjusted index rose for the first time (by 1.0%) above the pre-crisis sales peak reached in February.

The non-food retail sales increased by 13.1% year-on-year (yoy) in October, the strongest annual growth rate since February. Food sales rose by a healthy 4.8% yoy, the steepest advance since the shopping rush in March when people were preparing for lockdown.

In contrast, the fuel sales lagged by 11.9% yoy in October, as the second wave of coronavirus infections was rising with a negative impact on mobility.

In seasonally adjusted terms, the retail sales advanced by 1.7% month-on-month in October, which was enough to bring the overall sales index above the pre-crisis level reached in February.

The food sales reached this performance in September and the non-food sales a couple of months earlier - but only in October their advance was strong enough to compensate for the weak fuel sales that lag a significant 14.2% behind February. 

[email protected]

(Photo source: Shutterstock)

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