Bosnia’s retail sales edge down 0.8% y/y in Jan 2014

By bne IntelliNews March 10, 2014

Bosnia’s retail trade turnover inched down 0.8% y/y in real terms in January 2014, after increasing 4.3% y/y in December 2013, the statistics office said in a statement. On a monthly basis, retail sales declined for a third straight month in January, shrinking 1.2% but improving from a 1.8% m/m drop the month before.

Private consumption’s contribution to GDP growth is expected to remain moderate in 2014, reflecting fiscal consolidation measures and high unemployment, according to the latest IMF forecast.

The average number of registered unemployed people in Bosnia went up 0.5% y/y to 557,314 in January, recording the same growth rate as the month before, the country’s employment agency has said earlier.

Bosnia hopes to reduce its unemployment rate, which remains among Europe’s highest, by improving the business environment and approving new labour market legislation in early 2014.

Related Articles

Political uncertainty remains main risk to Bosnia’s economic growth, World Bank says

Political uncertainty remains the main risk to Bosnia & Herzegovina’s medium-term outlook as the lack of agreement between entities could delay reforms, the World Bank said in the ... more

Shell again eyes oil, gas exploration in Bosnia

Royal Dutch Shell is again interested in oil and gas exploration in Bosnia & Herzegovina ... more

Bosnia indicts former interior minister, 37 others for organised crime

The prosecution of Bosnia & Herzegovina’s Sarajevo canton formally indicted former interior minister Alija Delimustafic and 37 other individuals, as well as eight legal entities in a large ... more

Dismiss