Sales Of Shoes And Clothing In Austria Declined Sharply In August
Basis
Austria
According to the statistics released by the Federal Statistical Bureau in October 4th, the retail sales volume of Austria in August 2011 has shrunk by about 3.8% after the inflation factor is deducted, and the sales volume in 2011 1 to August has decreased by about 0.6%.
Following the July, retail sales fell again, showing that the consumption of Austria people is more conservative than the negative news such as low economic indicators and European debt crisis.
Statistics Bureau
Analysis showed that the cumulative decline in retail sales from 2011 to August was larger than that of the "clock and jewellery" category. The sales volume decreased by 9.2% compared with the same period last year, while the sports equipment category declined 3.7%, while the sales of clothing and shoes decreased by about 3.1%.
According to the Statistics Bureau, the sales volume of the retail industry in the month of 2011 alone increased by about 4% compared with the same month last year alone. In August, the sales volume increased by about 0.9% after the inflation factor. Especially the sales volume of "livelihood goods", "food", "drink" and "tobacco" increased slightly compared with last year, but the cumulative performance from 1 to August is not as good as that of last year.
As for the forecast of the retail industry in the latter half of this year,
Federal
The head of the Bureau of statistics does not want to make a positive statement. It merely indicates that the new round of salary negotiations between the major trade union organizations and the management will be concluded this autumn.
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Retail Sales Of Clothing And Footwear In Austria Decreased By About 3.1% In August.
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