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 %)||0.5||6.4||9.5||12.4||10.8|
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||4.07||0.23 %||Sep 04|
|Exchange Rate||4.29||-0.34 %||Sep 04|
|Stock Market||9,262||-0.59 %||Sep 04|
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October 14, 2019
Industrial production fell 7.0% on an annual basis in August, following July’s 3.0% contraction and marking the worst result since June 2009.
October 11, 2019
Consumer prices rose 0.1% month-on-month in September, matching August’s result.
October 10, 2019
GDP grew 4.4% year-on-year in the second quarter (Q1: +5.0% year-on-year), according to a second release published by Romania’s Statistical Institute on 10 October.
October 3, 2019
On 3 October, the National Bank of Romania (NBR) kept the policy rate unchanged at 2.50%, while also leaving the deposit facility rate at 1.50%, the lending facility (Lombard) rate at 3.50% and maintaining the reserve requirements on both leu- and foreign currency-denominated liabilities.
September 12, 2019
Industrial output fell 3.0% on an annual basis in July, an improvement from June’s 6.2% contraction but marking the second fall in a row.