Turnover in retail with annual decline in December – Saturday Magazine

Turnover in retail with annual decline in December

The turnover index in retail trade recorded an annual decline of 0.8% in December. But the employment, wages, and hours worked accelerated.

12:49 • Business

David Santiago – Business Journal

The report released this Friday, January 29, the National Statistics Institute (INE) shows that the turnover index in retail trade recorded a negative annual change of 0.8% in December, compared with an annual increase of 0.8% that was recorded in November.

According to INE, the drop recorded in December by this index, parsed data adjusted for calendar effects and seasonality, was due mainly to the behavior of the group of non-food products, which after an annual increase of 2 , 7% in November rose to a negative annual change of 2.1% in the last month of 2015.
also with regard to the monthly change this index had a worse record in December. After contracting 1.6% in November shrank 1.9% in December, bringing to two the number of consecutive months in which the index in the retail business recorded negative variations.
Conversely , employment and wages in the retail sector accelerated in December 2015 compared to the same period in 2014. The employment rate and wages in retail trade had an annual growth of 3% in December last year, which represents a acceleration due to the positive annual change of 2.3% achieved in November.
already with regard to the monthly variation of this index, it turns out, despite the positive developments, which in December there was a slight cooling relative to the growth recorded in November. In December, employment and wages grew 1.1% compared to November, the month in which it was registered an increase of 1.6%. Still, it’s the second month in which this index gets a positive change after the contraction of 0.3% recorded in October.
Finally, the index of hours worked in retail trade accelerated in December both in terms of annual change as monthly. So after the annual rise of 2.3% recorded in November, this index obtained a 2.7% increase in December. There are already 10 months in a row that the index of hours worked has positive annual changes.
Already in monthly terms, the volume of hours worked in retail increased 4.4% in December compared to November. Since the fall of 1.5% achieved in August 2015, hours worked have consistently increased.

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