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Financial News: Romania Retail Sales Fall For Second Month

Romania Retail Sales Fall For Second Month

07/06/2020 - 07:21:00 (RTTNews)

(RTTNews) - Romania retail sales declined for the second straight month in May, figures from the National Institute of Statistics showed on Monday.

Retail sales declined by working-day adjusted 1.2 percent year-on-year in May, but much slower than the 18.2 percent decrease in April.

Sale of motor vehicles in specialized stores declined 20.4 percent annually in May and those of non-food products fell 1.7 percent.

Meanwhile, sales of food, beverages and tobacco increased 3.5 percent.

On a month-on-month basis, retail sales rose 20.2 percent in May, reversing a 21.9 percent decrease in the preceding month.

On an unadjusted basis, retail sales declined 5.3 percent annually in May and grew 18.5 percent from the prior month.

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