Romania retail sales growth slows in October

Figures

Photo by Nataliia Sokolovska/Shutterstock.com

Romania’s retail sales grew at the softest pace in four months in October, figures from the National Institute of Statistics (INS) showed on Thursday. Retail sales rose a working-day adjusted 6.4% year-on-year in October, after a revised 7.2% increase in September. Sale of food, beverages and tobacco grew by 6.9% annually in October, and those of automotive fuel in specialized stores and non-food products rose by 6.8% and 6.2%, respectively. On a monthly comparison basis, retail sales gained a seasonally adjusted 0.8% in October. On an unadjusted basis, retail sales increased 6.9% annually in October and rose 2.0% from the previous month. In a separate statement, the Bucharest-based statistics institute said that Romanian GDP expanded 3.0% yr/yr in the third quarter of 2019, matching preliminary estimates, but below a 4.4% growth in the previous period. On a seasonally adjusted quarterly basis, the economy advanced 0.6% in the Q3, compared to a 0.8% expansion in the prior quarter. (source: INS)

ADVERTISEMENT

Croatia Paying MOL USD 235 mln Award Energy Trade

Croatia Paying MOL USD 235 mln Award

3-day Strategic Cabinet Meeting Slated for Coming Week Government

3-day Strategic Cabinet Meeting Slated for Coming Week

OXO Technologies Looks for New HQ Elsewhere in EU Innovation

OXO Technologies Looks for New HQ Elsewhere in EU

Hungary Adopting Performance-based Financing for Arts Art

Hungary Adopting Performance-based Financing for Arts

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.