6 Februarie 2009

Romanian retail volume falls above the EU average

The retail sales index in Romanian market dropped 0.2% in December 2008 from a year earlier, unlike the 0.8% average registered in European Union, according to the statistics made public by Eurostat.

The Statistical Office of the European Communities observed slight increases in retail trade in Poland and Slovakia, of 4.6% and 3.2% respectively.

However, Latvia, Estonia and Denmark reported the largest declines in retail trade compared to December 2007, of 16.9%, 13.2% and 9% respectively.

In December 2008, the retail sales index decreased by 0.8% in European Union (EU) and by 1.6% in euro area compared to a year earlier.

In European Union, the retail trade of food drinks and tobacco dropped by 1.3% against December 2007 and by 1% in euro area. The non-food sector declined by 0.4% in EU and by 2% in euro area.

On a monthly basis, Romania registered a 1.6% contraction in retail trade volume, unlike EU and euro area where the market fell into a standstill mode.

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