Unemployment dropping as consumption grows

Retail sales in November increased by 13.6%, slightly below expectations, but still an improvement on October's 13.3%. Jacek Wisniewski, the main economist from Raiffeisn Bank, said that despite being slightly below expectations, the results are really good. In November the biggest increases were noted in car (27.7%) and furniture, domestic appliance (26.2%) sales. These big increases are connected with the improving the job market, as according to GUS unemployment fell by 0.1% in November to 14.8%. This means that the number of unemployed is 435,600 lower than the same time last year. (Puls Biznesu p.16) M.M.