Romania's retail trade growth eased sharply to 3.7 percent year-on-year in May 2019, the weakest since December last year, from a downwardly revised 6.5 percent in the previous month. Sales of food, beverages and tobacco advanced much softer (5.4 percent vs 8 percent in April). In addition, sales of automotive fuel dropped 3.8 percent, the first fall in nine months, after a 0.8 percent rise in a month earlier. In contrast, sales growth was steady for non-food products (at 7.9 percent). Retail Sales YoY in Romania averaged 7.52 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 8.10 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 5.50 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.