Romania registers in December steepest retail trade drop in EU

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The volume of retail trade in Romania dropped 5.7 percent in December 2009, compared to the previous month, thus Romania registering the most significant retail trade decline in the European Union, according to the data presented by Eurostat on Wednesday.

In December 2009, compared to the previous month, the volume of retail trade dropped 0.1 percent in the EU and remained stable in the euro area. In November 2009, the volume of retail trade dropped 0.5 percent in both areas.
Among the member states, the retail trade fell in seven countries, Romania included, and rose in 12 states. The largest decreases were recorded in Romania (minus 5.7 percent), Malta (minus 5.6 percent) and Portugal (minus 2.8 percent). The highest increases were observed in Austria (1.6 percent), France (1.2 percent), Spain, Slovenia and Slovakia (all by 0.9 percent).

Regarding the year-on-year exchanges, December 2009 compared with December 2008, the volume of retail trade dropped by one percent in the EU and by 1.6 percent in the euro area. Among the member states, retail trade fell in 12 countries, Romania included, and rose in seven. The largest decreases were registered in Latvia (minus 30.2 percent), Lithuania (minus 27.2 percent), Estonia (minus 16.4 percent), Slovenia (minus 11.5 percent), Bulgaria (minus 11 percent), Malta (minus 9.8 percent) and Romania (minus 7.4 percent). The highest rises were recorded in Poland (4.6 percent), Sweden (3.1 percent) and Austria (2.7 percent).

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