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Romania Retail Sales Decline In May, PPI Rises

Retail sales in Romania decreased in May compared to the previous month, the latest figures from the National Institute of Statistics showed Tuesday.

Meanwhile, another report from the statistical agency revealed that the industrial producer prices increased in May, albeit at a slower pace than in the previous month.

Retail sales, excluding sales in motor vehicles and motor cycles, fell 3 percent month-on-month in April after adjusting for seasonal and working day variations. Compared to last year, sales fell 3.3 percent.

On an unadjusted basis, retail sales decreased 2.7 percent month-on-month and was down 4.4 percent year-on-year.

Separately, the statistical office reported that the producer price index increased 2.6 percent year-on-year in May following a 3 percent gain in April.

Month-on-month, PPI dropped 0.3 percent in May following a 0.7 percent fall in April.

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