Bulgaria's Retail Remains Stable in April 2011 M/M

Bulgaria's Retail Remains Stable in April 2011 M/M

In April 2011, the turnover in retail trade in Bulgaria, calculated on the base of seasonally adjusted data at constant prices, fell by 0.2% compared to the previous month.

The preliminary data was released Tuesday by the National Statistics Institute, NSI, and does not include the one for motor vehicles and motorcycles.

In April 2011, the work day adjusted turnover in retail trade, except of motor vehicles and motorcycles increased by 0.5% in comparison with the same month of the previous year.

In April, compared to the previous month, the turnover increased in the retail sale of computers, peripheral units, software and telecommunication equipment by 0.3%, and in the retail sale of medical and orthopedic goods, cosmetic and toilet articles by 0.2%.

A drop was observed in four sectors, the greatest was in the retail sale of textiles, clothing, footwear and leather goods by 1.9%, while the lowest was in the retail sale of audio and video equipment; hardware, paints, glass, and electric household appliances by 0.1%.

The turnover in April 2011, compared to the same month of 2010, increased in the retail sale of automotive fuel by 5.8%; in the retail sale of medical and orthopedic goods, cosmetic and toilet articles by 1.2%, and in the retail sale of computers, peripheral units, software and telecommunications equipment by 0.7%.

A reduction was registered in the retail sale of audio and video equipment; hardware, paints and glass; and electric household appliances by 5.0%; in the retail sale of textiles, clothing, footwear and leather goods' by 2.2%, and in the retail sale of food, beverages and tobacco by 0.9%.

Seasonal adjustment is a statistical method, which eliminates the seasonal component of time series and it is particularly suitable for longterm comparisons and analysis of the data.

Work day adjustment is an adjustment for variations in monthly data, caused by calendar effects, different number of calendar and work days in the month, and national holydays - for example the presence of more days off in May could contribute to the decline in the production in some activities. (Source: Sofia News Agency)

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