Sales at stores in the red! – Republic

Sales at stores in the red! – Republic

Retail sales fell in November was 0.2 percent. lower than a year earlier in October, compared with an increase of 2.3 percent.

Source: Bloomberg

Sales Retail fell in November was 0.2 percent. lower than a year earlier in October, compared with an increase of 2.3 percent. – GUS has reported. Analysts expected an increase of 2 percent.

This is the first drop in sales for the first time since April 2013, and may be due to the adverse effect of the calendar combined with falling prices for fuel and food. In real terms, retail sales increased in November by 1.4 percent. compared with an increase of 3.7 percent. in October.

– After the relatively poor performance of industrial production and construction output in November, today’s data are further disappointing – says Monika Jacket, home economist Postbank. – While November was the month with a lower number of working days and trading in connection with two holidays, but in the case of retail sales is not the explanation for the weak reading. However, it is likely that the December data show significant rebound in sales, especially since it is traditionally the best month in the trade. For such a scenario also shows data from the labor market, both on wages and employment in the corporate sector and today on the unemployment rate. The situation on the labor market, such as the current economic conditions, it remains quite good – he added.

The unemployment rate in November rose to 11.4 per cent. with 11.3 per cent. in October – GUS has reported. Such an increase was expected and resulted primarily from the end of seasonal work. It is important that the unemployment rate is lower than a year ago, when was 13.4 influx of unemployed and the number of deregistered was comparable to last year. But now for a higher number of job offer.

The number of unemployed registered in labor offices at the end of November 2014. Amounted to 1799.5 thousand. people and was higher than in the previous month by 14.7 thousand. people (ie. by 0.8 per cent.) In annual terms fell by 316.5 thousand. people, ie. by 15.0 percent.

Compared with November 2013. the number of unemployed decreased in all provinces, the most significant decrease was recorded in Lubuskie (19.9%), Lower Silesia ( 19.3%), Greater Poland (18.9%), Opole (18.0%) and Lodz (16.3%) and Świętokrzyskie (16.1%).

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