Retail sales in Bosnias Serb Republic stagnate in Nov 2012.

By bne IntelliNews January 15, 2013
Bosnias Serb Republic retail trade turnover remained unchanged in November 2012 compared to the like period of 2011 after increasing by 2.1% y/y in October, the Republics statistics office said in a statement. In monthly terms, the retail trade turnover dropped by 11.4%, following a 4.5% rise a month earlier. Novembers retail trade turnover was some 2.8% below the 2011 average. Retail trade turnover in non-specialised stores, which has the largest share, went up by 6.9% y/y in November, while the turnover of trade with motor fuels, accounting for 28.4% of the total, decreased by 1.7% y/y. Bosnia's Serb Republic retail trade turnover increased by 6.7% in 2010 and by 7.9% in 2011, following an over 10% decline in 2009. We expect the overall growth of retail trade turnover in 2012 to stay weak as household consumption remains subdued, held back by the structurally high unemployment (at 28.2%, according to the latest Labour force survey of the Republic from April 2012)and fiscal austerity measures introduced as part of Bosnia's new stand-by arrangement with the IMF.

Retail sales in Bosnias Serb Republic stagnate in Nov 2012.

Related Articles

EUs Sannino invites Bosnian leaders for conciliatory talks on March 22.

The European Commissions director general for enlargement Stefano Sannino has invited the leaders of Bosnias seven main political parties for consultations in Brussels on March 22 in an attempt ... more

Bosnias Serb Republic PPI, CPI inflation eases in Feb 2013.

Growth of consumer prices in Bosnias Serb Republic eased to 0.9% y/y in February from 1.5% y/y in January, as the annual decline of clothing and footwear prices widened, the entitys statistics ... more

Bosnias Federation fails to sell 67% of engineering company Hidrogradnja.

Bosnias Federation has failed to sell its 67% stake in engineering company Hidrogradnja due to lack of investor interest, the entitys privatisation agency said in a statement. The remaining 33% ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335