ROMANIA: Food sales dropped by almost 5% in May | Progresiv

Gross turnover volume of food, beverages and tobacco trade fell in May by 4.7% compared to April, according to the National Institute of Statistics (INS), the main reason being the population’s postponing of purchases for after 1 June 2015, in order to benefit from reduced VAT on foods. Gross volume of food sales rose by 9.1% compared to May last year.

Depending on the number of working days and seasonality, food trade decreased by 0.1% compared to April, but increased by 9.4% compared to May 2014, according to INS.

In the first five months of the year compared with the same period last year, sales of food, beverages and tobacco increased by 9.3% as gross series and by 8.4% depending of number of working days and seasonality.