Snap5 June 2018Updated one month ago

Romania: Retail sales rise 7.9% in April

The Easter effect and a sharp wage rise in March gave sales a boost in April. This was anticipated by better consumer confidence, though sentiment deteriorated in May 

shutterstock
260118-image-Romania-shopping.jpg

Easter bounce back for retail sales

NIS, ING
NIS, ING

Non-food items and fuel were the main drivers for the rebound in April retail sales. Non-food retail sales accelerated from 5.4% to 9.3% year on year but were likely driven by Easter gifts, while people used more fuel to drive around the country during the Easter holidays, leading to a sharp rise in fuel sales from -3.6% to 11.8% YoY.

Consumption revival in 2Q18?

EC, NIS, ING
EC, NIS, ING

Consumer sentiment softened again in May after two months of improvement, but given the very weak January and February, we expect a sequential increase in consumption in the second quarter. Due to a deterioration in confidence and large base effect, we look for an annual deceleration in retail sales in May. Still, consumers seem to be the exception, with soft data improving across the board in May. Hence, we look for a sequential expansion in the second quarter after the economy stalled in the first three months of the year.