Romanian retail sales slow in April
Retail sales in Romania grew by 3.7% year-on-year in April, slowing from an upwardly revised 5.6% gain a month earlier, figures released by the Bucharest-based National Institute of Statistics (INS) on Friday show.
Sales moderated for both food, beverages, and tobacco (3.9% vs 6.2% in March), and non-food products (5.3% vs 8.5%).
Meantime, sales of automotive increased (13.3% vs 3.3%).
On a monthly basis, retail sales went up 0.3% in April, the least in three months, after an upwardly revised 0.5% growth in March.
The figures do not include trade in motor vehicles and motorcycles.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
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.