Romania's retail trade growth declined to 9.2 percent year-on-year in March 2019 from an upwardly revised of 9.6 percent in the previous month. Sales increased softer for both non-food products (13.0 percent vs 13.6 percent in February) and food, beverages and tobacco (1.7 percent vs 2.7 percent). Meanwhile, automotive fuel trade jumped 18.9 percent, accelerating from a 13.5 percent gain in February. On a monthly basis, retail trade went up 0.6 percent in March, after showing no growth in February. 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.