February retail trade turnover plunge 8%

Retail trade turnover dropped 8% in February from the same period of last year, largely due to the sharp drop in food and non-food sales and fuels, data from the National Institute of Statistics show.

Indicators don’t cover vehicles and motorcycles sales and are adjusted for working days and seasonal effects. In gross series, the retail trade shrank 8.1% year-on-year.

In January, the retail trade fell by seasonally-adjusted 10.3% YoY.

In the second month of 2010, non-food, food, drinks and tobacco sales fell 9.1% while automotive fuel in specialized stores dropped 6.4%.

Compared to January, retail trade turnover (excluding vehicles and motorcycles sales), adjusted for working days and seasonal effects decreased 0.4% in February, weighed down by the 0.9% decline in automotive fuel in specialized stores, that failed to be offset by the 1.1% growth in non-food, and 0.4% in food, drinks and tobacco.

In gross series, retail trade turnover dropped 2.9% from January.

In the first two months of 2010, seasonally-adjusted retail trade turnover (excluding vehicles and motorcycles) decreased by 9.7% versus Jan-Feb period 2009, after 12.2% drop in non-food, 9.9% decline in food, drinks and tobacco, and 8.2% in automotive fuel in specialized stores.

In gross series, retail trade turnover for the two months ending February 28 fell by 10.3%.

The total value of the Romania’s retail trade declined by 10.4% in 2009 year on year to 195.4 billion lei (€46.2billion), and could drop further this year, by an estimated 2.3% to 2.3 billion lei, according to the findings of “Retail in Romania 2010” report by consulting company PMR

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