Slovak unemployment edges up to 4% in August
Unemployment in Slovakia registered a thin increase by 0.02 percentage points month-on-month to 4%, the country’s Central Office for Labour, Social Affairs and Family reported.
Year-on-year, unemployment decreased by 0.53 percentage points.
“We view positively, especially the development among your people up to 29 years and persons in the age of above 50 years,” commented Juraj Kacer, State Secretary of the Ministry of Labour, Social Affair and Family.
Kacer added that “in both categories, the number of unemployed is at some of the lowest figures in the past 10 years and decreased again in comparison to July.”
The number of university graduates registered with the labour authorities dropped by 853 m-o-m to 4,255 persons.
An analyst with the Institute for Social Policy, Michal Tomajko, pointed out that “a positive [thing] that y-o-y we registered smaller number of job applicants in every region” in Slovakia. Tomajko expects “a slight increase in unemployment in September” due to incoming high school graduates on the labour market.
Decline of 6.5% y/y is second worst in EU.
Retail sales rose by 0.9% m/m in October, recouping the losses incurred over the previous three months.
Czech retail sales decreased by 1.4% year on year and increased by 0.6% month on month in October, in the softest monthly drop in a year and a half. The drop in sales eased compared to the 4% y/y drop in September and the 2.8% y/y drop in August.
Despite lapse in demand, firms said to retain positive attitude on 12-month outlook for activity, which remained historically elevated. Inflationary pressures continued to retreat.
Industrial prices in Romania increased by 2.4% in September-October.
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