Romania’s first-half retail sales increase 6.6% year-on-year


BUCHAREST (Romania), August 3 (SeeNews) – Romania’s retail sales increased by 6.6% year-on-year and adjusted for seasonal and working days in the first six months of 2022, the report announced on Wednesday. statistical office INS.

Also on an adjusted basis, food, beverage and tobacco sales increased 4.9% annually, non-food sales increased 5.4% and fuel sales increased 9% compared to the same period of 2021, the INS said in a statement.

Based on unadjusted data, retail sales increased 5.2% year on year in the first half of 2022.

In June alone, Romania’s retail sales rose 4.2% year-on-year, after increasing 6.2% the previous month. On a monthly comparison basis, retail trade turnover fell 2.1% adjusted in June, after rising 0.9% in May, the data showed.

Figures do not include trade in motor vehicles and motorcycles.

According to analysis by Erste released on Wednesday, consumers have begun to cut back on spending amid high inflation, with non-food items being hit the hardest. “We see retail sales slow to +5.0% in 2022 from +10.1% in 2021,” Erste said in an emailed note.

Analysts also point out that retail confidence was still bright in July and that new lei consumer loans were close to all-time highs in June, but note that these positive developments appear fragile in the current environment. “Low real wage growth and rising interest rates could dampen the rate of retail sales growth in the coming months,” Erste added.

The details follow, data adjusted for seasonal variations and working days (percentage change):

H1 a/a june a/a june m/m
Retail sales 6.6 4.2 -2.1
– sale of food products 4.9 4.3 -0.8
– non-food sales 5.4 1.6 -3.6
-fuels 9.0 6.7 0.4

Romania’s retail sales increased by 10.1% per year in 2021.

(1 euro = 4.9262 lei)


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