According to preliminary data of the Central Bureau, in November is (according to seasonally adjusted indices) turnover in retail trade recorded the real monthly growth of 1.1% (growth of 0.9% in nominal terms).
According to working-day adjusted indices, a real annual growth of turnover in retail trade has accelerated with 1.5% year-on-year in October at 3.2% in November. It is also the 16th month in a row since recorded positive annual rates of real growth of turnover in retail trade dating back to half of last year. In the same month, observed due to the negative inflation rate on an annual basis, in nominal expression is the turnover in retail trade recorded a growth of 2% compared to the same month of last year.
Despite the documented decline on a monthly level, according to the source, the neprilagođenim indices (8.8% in nominal terms, i.e. 8.5% in real terms) to a real turnover in retail trade in November recorded annual growth of 3.8%. Prompted by the deflacijskim pressures on consumer prices in nominal expression has achieved a growth of 2.5% compared to the same month of last year.
On the continuation of positive annual growth rate in retail traffic Referrers are the last of the indicators from the survey of consumer confidence that are on an annual basis in October continued the positive trend of growth, which dates from October last year. Also, in November was recorded strong double-digit growth in the number of registered new cars from 17%.
The increase in disposable income caused by the amendments to the personal income tax with the absence of inflationary pressures and the treasure but continuous improvement index moods and expectations of consumers on an annual basis implies continued growth of turnover in retail trade and in December. Zamjetniji growth is still limited by the weak job market as reflected in the very structure of consumption which is aimed mainly at meeting the basic needs of all.