According to provisional data, the GDP was affected by a drop of 4.1 % in the production sectors and of 2.3 % in the service sectors. Collected taxes on products were down too, by 1.3 %.
Compared to the 2nd quarter of 2024, GDP fell by 0.4 % (according to seasonally and calendar adjusted data), further adding to the downbeat nature of the data.
In the first nine months of 2024, compared to the same period of 2023, GDP fell by 0.7 % (seasonally and calendar non-adjusted data). It should be noted that the figures will be subject to revision on 29 November with policymakers no doubt crossing their fingers that any changes will be made in an upward direction.
However, retail trade figures for September also published October 29 did little to alleviate the gloomy economic mood.
Calendar adjusted data (at constant prices) show that, compared to September 2023, in September 2024 total retail trade turnover rose by just 0.2 %. Total retail trade turnover at current prices fell by 0.4 % (not taking into account the calendar influence).
Compared to August, in September 2024, the total turnover of retail trade fell by 0.3 %, according to seasonally adjusted data at constant prices. Compared to August, in September 2024 the total retail trade turnover at current prices (not taking into account seasonality) decreased by 8.8 %.
