Retail sales in Romania increased by 10% year-on-year, 13% more than in 2019

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Romania’s retail sales increased by 10.1% in 2021 compared to 2020 (Annual) and by 12.6% compared to 2019, according to data published by the INS statistics office.

The headline retail sales index ended 2021 on a high note with a new record high for the seasonally adjusted index – but the bigger picture is showing signs of fatigue and a decline in household spending propensity before rising inflation (utility prices) and economic uncertainty. prospects.

The so-called “revenge buying” that happened after the lockdown for various reasons seems to have come to an end, and the tide apparently reversed in the second half of 2021.

Seasonally adjusted non-food sales fell 1.6% in the last six months of the year.

Non-food sales increased in 2021 above average, by 13.7% year-on-year and 20% compared to 2019. But the trend visible during the second half of last year is in line with expectations of a more cautious consumer sentiment.

Food sales continued to grow at a slower but more predictable pace: 5.5% year-over-year and 10.7% from 2019.

Fuel sales are largely dependent on mobility restrictions, and they jumped 11.6% while increasing slightly by 2.7% compared to 2019.

iulian@romania-insider.com

(Image source: Pexels.com)

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