Retail trade shrinks 30%

Wholesale and retail trade turnover fell 30.1% in November 2009 from a year earlier, largely weighed down by the 33.2% drop in car sales, official figures from the National Institute of Statistics show.

Indices are adjusted by the number of working days and seasonality. In gross series, wholesale and retail trade turnover stood 27.5% below year-ago levels.

In October, the seasonally adjusted year-on-year decline stood at 31%.

Seasonally-adjusted turnover of ‘other services’ fell 19.1% from November 2008, due to the 57.4% decline in travel industry.

Compared to October, wholesale and retail trade turnover adjusted by the number of working days and seasonality fell 2.5% in November, while ‘other services’ decreased by 3.9%.

37.3% decline in Jan-Nov period

Wholesale and retail trade turnover adjusted by the number of working days and seasonality dropped 37.3% in the 11month period through November 2009, led by car sales that fell 45.2%.

In gross series, the turnover decreased by 38.4%.

As for services, the turnover adjusted by the number of working days and seasonality fell 14.4%.


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