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Romania's Jan-Nov retail sales rise 9.7% y/y - table

Romania's Jan-Nov retail sales rise 9.7% y/y - table Source: INS

BUCHAREST (Romania), January 7 (SeeNews) - Romania's retail sales rose by a seasonally and working-day adjusted 9.7% year-on-year in the first eleven months of 2021, the statistical office, INS, said on Friday.

Also on an adjusted basis, sales of food, beverages and tobacco rose by an annual 4%, non-food sales increased 14.5% and sales of fuels were up by 11.1% compared to the like period of 2020, INS said in a statement.

Based on unadjusted data, retail sales climbed 10.5% on the year in the first eleven months of 2021.

In November alone, Romania's retail sales rose by an adjusted 5.5% year-on-year. On a monthly comparison basis, retail trade turnover edged up by an adjusted 0.4% in November.

The figures do not include trade in motor vehicles and motorcycles.

Details follow, seasonally and working-day adjusted data (pct change):

Jan-Nov y/y Nov y/y Nov m/m
Retail sales 9.7 5.5 0.4
-food sales 4.0 3.7 1.1
-non-food sales 14.5 2.6 -2.1
-fuels 11.1 14.3 5.9

Romania's retail sales increased by 2.2% last year.

Retail sales in November were below Erste Bank's expectations, as sales of non-food items were unusually weak in the context of Black Friday campaigns. Also, Internet sales stabilized at low levels in recent months close to 4% year-on-year after double-digit growth rates in 2020 and in the first half of 2021, Erste said in an analysis on Friday.

"Consumers’ mobility towards retail centres fell abruptly between mid-September and early-November according to Google data, as infection rates soared and green certificate became mandatory for non-essential activities. Second half of November brought a very small increase in mobility which offered almost no help to sales of durables," Erste added.

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