Romania, EU leader in May retail trade growth

Romania, EU leader in May retail trade growth. The volume of retail trade in Romania went up 14 percent in May, as against the similar period of 2016, being the highest annual growth reported by an EU member state, reveal data released by the European Statistics Office (Eurostat) on Wednesday.

In the Eurozone and the EU, retail trade increased in May by 2.6 percent y-o-y. Retail trade in the EU28 was influenced by a 3.5-percent increase in non-food product sales, as well as a 1.7-percent advancement in the sales of food, drinks and fuels.

The highest increases were reported by Romania (14 percent), Slovakia (7.9 percent), Ireland and Slovenia (both 7.7 percent), and no declines were registered.

Retail trade increased by 0.2 percent in the EU and by 0.4 percent in the Eurozone in May, on a monthly basis. Retail trade in the EU28 was influenced by a 1.2-percent and 0.3-percent advancement in the sales of fuels and non-food products, while the sales of food, drinks and cigarettes went down 0.4 percent.

The highest increases in May, compared to the previous month, were reported in Romania (4.3 percent), Lithuania (1.8 percent) and Hungary (1.7 percent), and the most significant declines were in Finland (minus 1.2 percent), Slovakia and the UK (minus 0.9 percent each).