Romania ranks third in EU in terms of retail trade growth in March

Retail trade in Romania registered a growth by 3.7 percent in March 2010 compared to the previous month, a higher increase being recoded only in Denmark (5.5 percent) and Lithuania (4.6 percent), according to the data presented by Eurostat on Wednesday.

Both in the European Union (EU) as well as in the Eurozone, the retail trade remained stable in March 2010 compared to February 2010. Among the member states, retail trade went up in 15 states, Romania included, and dropped in Portugal (minus 2.8 percent), Germany (minus 2.4 percent) and Bulgaria (minus 1.0 percent).

According to the data communicated by the National Institute of Statistics, the turnover for retail trade dropped 7.5 percent over the first six months, as a gross series, and 8.3 percent, as an adjusted series depending on the number of business days, compared to the same period of 2009. In March 2010, the retail trade turnover (except for motor vehicles and motorcycles) went up compared to the previous month, both as a gross as well as an adjusted series, depending on the number of business days and seasonality by 18.6 percent and 3.7 percent, respectively.

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