Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  February 05, 2013 10:02:02

Comments retail - friendly Christmas high season too not succeed


Neither the traders did not bring Christmas harvest. Retail sales fell year on year by 5.1 percent. A substantial share of this, however, had a lower number of working days last December had three working days less than the same month of the previous year. However, even without this influence would retail sales fell by 0.4 percent.

The overall results of significantly influenced the drop in demand for cars. Revenues from the sale of cars in December fell by 10.8 percent. A negative result indicated December decline registrations of new passenger cars and light commercial vehicles by 15.6 percent and used by 18.6 percent. This time, it no longer issues with the registry of vehicles, but the deepening recession in domestic demand.

Investigation on goods that are not immediately necessary, was also reflected in a decline in sales of household goods by 7.5 percent. Also significantly decreased sales of pharmaceutical and medical goods. Maybe it's a result of the relatively mild weather at Christmas time and the fact that the flu epidemic arrived in January.

Surprisingly, significantly increased sales of clothing and footwear. In December year rose by 6.6 percent. You aggressive pricing policy helps merchants. Over the last 12 months the price of the goods dropped by 3.3 percent.

The positive trend is maintained internet sales, sales in December rose by 6.9 percent. Christmas presents are simply more and buy more than a mouse click blouděním for shopping centers.

Over the past year, retail sales fell by 1.1 percent. This year, according to my estimate does not bring improvement. Current wage bargaining suggests that wage inflation will soon catch up, sometimes not even that. Additionally, you can expect a further increase in unemployment. And into play also a slight increase in the savings rate, respectively. reduced willingness to spend. This year, domestic demand probably will not contribute to the fact that the Czech economy has emerged from the shallow but prolonged recession.

David Marek, Patria Finance


It can be said that the outcome of the December sales of the puzzle fits into the whole of last year. With some exceptions, retailers did not last year, which is related to developments in the domestic economy - a drop in GDP, rising unemployment and price increases.

Proceeds rescued retailers or end of this year, when the Czechs conserve on Christmas gifts. Year on year sales decline of 5.1%, but was a result of a lower number of working days.Adjusted for working days, although there was a decrease of only 0.4%, but still a lower volume of sales than in 2011. Over the past year there has been a decline in sales of 1.1%.

That will be December a little weaker than last year, moreover, has already signaled vendors themselves and so this is no big surprise. It can be said that the outcome of the December sales of the puzzle fits into the whole of last year. With some exceptions, retailers did not last year, which is related to developments in the domestic economy - a drop in GDP, rising unemployment and price increases.

Unfortunately, there is no indication that this year should be a change for the better. Last year's drop in sales should undoubtedly slow, but a return to the black definitely does not. Stagnation is the maximum revenue that retailers can expect from this year.

75pt; mso-padding-alt: 0cm 0cm 1.0pt 0 cm "class = MsoNormal> Miroslav Novak
Analyst AKCENTA

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