Romanian retail sales growth slows in March

Retail

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Romania's retail sales slowed for the second month in a row in March, yet remained strong underpinned by robust sales of the non-food products, figures from the Bucharest-based National Institute of Statistics (INS) showed on Wednesday.

Retail sales increased by a working-day adjusted 5.5% year-on-year in March, after an 8.8% rise in February. The pace of growth has slowed since hitting a peak of 9.7% in January.

In March, sales of automotive fuels in specialized stores grew 3.1% yearly. Sales of non-food products increased 8.2% and those of food, beverages and tobacco gained 4.7%.

On a monthly basis, retail sales increased 0.4% in March, after a 0.6% rise in February. 

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