Romania’s non-food retail sales mark six-month slowdown
The seasonally-adjusted non-food retail sales in Romania edged down by 0.8% in October, after the 1.2% decline in September – marking a six-month decline for the index that bets reflect consumer confidence.
Overall, retail sales increased by 4.5% YoY in October, the statistics office INS announced.
But the growth was mainly driven by the 15.6% YoY surge in fuel sales, while the non-food sales edged up by 1.5% YoY, and the food sales were even weaker (+1.3% YoY).
The food sales, which reflect households’ budgets, have kicked up in October compared to September (+1.2%), but this only partly reversed the combined 2% decline accumulated over the previous two months.
Both the food and non-food sales (seasonally adjusted) remain below the peak levels reached in April-May.
(Photo: Andrei Stancu/ Dreamstime)