Serbia's wholesale trade turnover up 11.8% to EUR 14.7bn in Jan-Sep 2012.

By bne IntelliNews December 18, 2012
Serbia's wholesale trade turnover, excluding trade and repair of motor vehicles, jumped 11.8% in nominal terms to 1,658bn (EUR 14.7bn) in Jan-Sep 2012, the statistics office said in a statement. Retail trade turnover (also excluding trade and repair of motor vehicles) climbed 3% y/y over the period to RSD 678bn, while Jan-Sep retail and wholesale and repair of motor vehicles shrank 2% y/y to RSD 138bn. In the third quarter alone, retail trade turnover went up 2.5% y/y to RSD 243bn after rising 4.1% y/y in Q2. Wholesale trade turnover climbed 15.7% y/y to RSD 602bn in Q3, accelerating from an annual increase of 13.8% in the previous quarter. Retail and wholesale and repair of motor vehicles went up 1.4% on the year in Q3 to RSD 48bn (vs. an annual increase of 1.2% in Q2). Trade of food products, beverages and tobacco (26% share in total) and of other non-food products (a 25.4%share) accounted for the major part of the wholesale trade turnover in the third quarter. Sales of motor vehicle fuels and of food products and alcoholic beverages equaled to over 60% of the retail trade turnover in Jul-Sep. Employment in the retail and wholesale trade sector declined by 12.9% y/y (to 96,000 persons) and by 12.2% y/y (to 75,650), respectively at the end of September. Employment in trade and repair of motor vehicles edged down 0.3% y/y to 14,415 persons over the period.

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