Romania's retail trade increased 6.2 percent year-on-year in November 2019, easing from a 6.4 percent rise in the previous month. This was the weakest yearly gain in retail trade since June. On a monthly basis, retail sales grew by 0.8 percent in November, after an upwardly revised 0.9 percent increase in October. Retail Sales YoY in Romania averaged 7.48 percent from 2001 until 2019, reaching an all time high of 32.90 percent in May of 2006 and a record low of -16.20 percent in June of 2009.
Retail Sales YoY in Romania is expected to be 5.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in Romania to stand at 3.50 in 12 months time. In the long-term, the Romania Retail Sales YoY is projected to trend around 2.90 percent in 2020, according to our econometric models.