Poland's jobless rate increased slightly as expected in November after declining in the previous eight months, figures from the Central Statistical Office showed Tuesday. At the same time, retail sales declined unexpectedly from last year.
The registered unemployment rate rose to 11.4 percent in November from 11.3 percent in the previous month. The rate matched economists' expectations. A year ago, the jobless rate stood at 13.2 percent.
The statistical office also released the retail sales figure for the month of November. Retail sales dropped unexpectedly by 0.2 percent year-on-year, reversing a 2.3 percent growth in October. Economists had forecast sales to rise 2 percent. In September, sales grew 1.6 percent.
Sales of automobiles dropped 7.6 percent annually in November, while sales of textiles, clothing and footwear climbed by 7.0 percent.
Month-on-month, retail sales fell sharply 8.1 percent in November, in contrast to the 4.2 percent growth seen in the prior month.
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