Retail Sales in Romania
Romania - Retail Sales
Retail sales growth picks up in December
In December, retail sales (excluding the sale of motor vehicles and motorcycles) expanded 6.7% over the same month of the previous year according to the National Institute of Statistics (INSSE). The expansion marks a significant improvement over the 2.1% increase observed in November. According to INSSE, the improvement was mainly the result of an increase in sales of food, beverages and tobacco as well as non-food products.
Monthly data confirms the improvement observed in the annual data. Retail sales rose 7.20% over the previous month in December, which marks a significant improvement over the 2.00% decrease recorded in November.
FocusEconomics Consensus Forecast participants see private consumption rising 1.8% in 2014, which is unchanged from last month's forecast. For 2015, panelists see growth in private consumption at 2.6%.
Romania - Retail Sales Data
|Retail Sales (annual variation in %)||9.5||12.4||10.8||5.5||7.2|
5 years of economic forecasts for more than 30 economic indicators.
Romania Retail Sales Chart
Source: National Institute of Statistics and FocusEconomics calculations.
|Bond Yield||4.49||0.23 %||Dec 31|
|Exchange Rate||4.26||-0.34 %||Dec 31|
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