Romania's retail trade growth accelerated to 5.7 percent year-on-year in June 2019 from an upwardly revised 3.9 percent in the previous month. Sales of non-food products rose faster (8.6 percent vs 8.1 percent in May), amid a sharp rebound in sales of automotive fuel (2.3 percent vs -3.6 percent). Meantime, sales growth slowed for food, beverages and tobacco rose further (4.1 percent vs 5.7 percent). Retail Sales YoY in Romania averaged 7.49 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 10.00 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 3.80 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.