Poland April retail sales decline unexpectedly, jobless rate drops
Poland’s retail sales decreased from last year in April, defying economists’ forecast for an increase. Sales dropped 0.2% from a year earlier as consumers spent less on food and fuels, the Central Statistics Office said Friday. Economists had forecast sales to grow by 1.1%. The overall slump in sales reflected an 8% fall in trade in fuel products, and a 3.6% drop in sales of food, beverages and tobacco products. Sales of automobiles, meanwhile, rose by 5.8% from a year earlier, and clothing and footwear sales climbed 11.6%. Separately, the statistics office said Poland’s unemployment rate dropped to 14% in April from 14.3% in March. Economists were looking for a sharper fall to 13.9%. The figures for the last few months show that unemployment has risen by about 1% compared with the same months in 2012. The number of registered unemployed persons at the end of April was 2.26 million, while labor offices offered jobs for 44,300 people, the Warsaw-based agency said.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.