BUSINESS

Romania, most abrupt drop of retail sales in the EU, last December

Romania registered last December the most abrupt drop of retail sales in the EU, of 3.2 pc compared to November, while at European level the decline was 0.6 pc, according to data released yesterday by Eurostat. Other significant decreases, in terms of volume, were reported by Spain (-2.2 pc) and Slovenia (-2.1 pc), while the highest increase rates were in Poland (2.2 pc) and Estonia (1.9 pc), Eurostat announces in a press release. Of the 21 states that reported data, retail sales decreased in 12, advanced in 9 and stagnated in Finland. Against December 2011, Romania registered a decline of 3.3 pc, close to the 2 pc drop at EU scale. Of the 21 countries that reported data, the retail volume increased in 9 and dropped in the rest. The most significant annual decreases were registered in Spain (-12.3 pc), Portugal (-8.6 pc) and Slovenia (-7.5 pc), and the highest increase in Latvia (12.5 pc), Estonia (7.2 pc) and Lithuania (2.7 pc).

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