Romania's retail trade growth eased sharply to 6.8 percent year-on-year in April 2019 from 9.2 percent in the previous month and marking the weakest yearly increase since January. Sales rose much softer for both non-food products (7.6 percent vs 12.6 percent in March), and automotive fuel (2.6 percent vs 18.5 percent). Meantime, sales of food, beverages and tobacco advanced 7.7 percent in April, the most in ten months, following a 3.0 percent gain in March. 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.