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.

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