Romania retail sales drop in April
Photo by Gabriel Pahontu / Shutterstock.com
Romaniaʼs retail sales dropped in April, as demand remained weak amid the COVID-19 pandemic, figures from the National Institute of Statistics (INS) show.
Window shopping in a near deserted showroom in Bucharest. Photo by Gabriel Pahontu / Shutterstock.com
Retail sales dropped a working-day adjusted 18.5% year-on-year in April, after a 4.3% increase in March. Sale of motor vehicles in specialized stores declined 37.7% annually in April. Sales of non-food products fell 21.6% and food, beverages and tobacco decreased 5%.
On a month-on-month basis, retail sales fell 22.3% in April, following a 3.4% decrease in the preceding month.
On an unadjusted basis, retail sales declined 19.5% annually in April and fell 19.7% from the prior month, INS said on June 4.
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.