Romania retail sales drop in January
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Romania retail sales declined by a working-day adjusted 2.8% year-on-year in January, after a 4.2% increase in December, figures from the Bucharest-based National Institute of Statistics (INS) showed last week.
The sale of food, beverages and tobacco declined 0.2% yearly in January and those of motor fuels in specialized stores decreased 7.1%. Meanwhile, sales of non-food products increased 3.9%.
On a month-on-month basis, retail sales decreased 3.2% in January, after a 0.2% increase in the preceding month. On an unadjusted basis, retail sales grew 1.7% annually in January and declined 22.3% from the prior month.
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