Romania retail sales fall at slower pace in May
Photo by LCV / Shutterstock.com
Romania retail sales declined for the second straight month in May, figures from the Bucharest-based National Institute of Statistics (INS) show.
A -50% discount message daubed on the window of a clothing store in Bucharest, Romania on May 4, 2020. Photo by LCV / Shutterstock.com
Retail sales declined by working-day adjusted 1.2% year-on-year in May, but much slower than the 18.2% decrease in April.
The sale of motor vehicles in specialized stores declined 20.4% annually in May and those of non-food products fell 1.7%. Meanwhile, the sale of food, beverages and tobacco increased 3.5%.
On a monthly basis, retail sales rose 20.2% in May, reversing a 21.9% decrease in the preceding month. On an unadjusted basis, retail sales declined 5.3% annually in May and grew 18.5% from the prior month, INS said on July 6.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.