BUSINESS BRIEFS

Rising retail sales due to higher consumption

RISING retail sales, up 9.3 percent year-on-year in May and accelerating from 8.6 percent in April, indicates that the Q2 household consumption growth could be even higher than in the first three months of this year, according to ING analyst Eduard Hagara.

These estimates are also supported by a rise in real wages in industry, improving from 1.5 percent in April to 4 percent in May, SITA wrote.

The reported estimates may support the potential for demand inflation risks, but so far anticipated, significant demand pressures have not been present in inflation, said Hagara.

According to data published by the Slovak Statistics Office, the growth of retail sales was supported by a growth of pharmaceutical products and cosmetics retail sales, at 22.7 percent; specialized retail sales, up by 16 percent; retail sales in non-specialized outlets improving by 10.4 percent; and food, drink and tobacco retail sales, which were up by 7.3 percent.

Top stories

News digest: Refrain from giving us history lessons, Slovak diplomacy tells Hungary

Weather spoils the plans of protesters against Covid vaccines in Bratislava. Charged oligarch suspended as Monaco honorary consul. Most people disapprove of the lottery for the vaccinated.


4 h
Police had to pacify protesters who tried to block the road near the Presidential Palace.

Dozens of protesters gathered in the capital, police intervene against attempts to block roads

Minor incidents occurred beneath pouring rain in Bratislava during protests against pandemic measures and vaccination.


4 h
Prϋger-Wallner garden is combination of wild and maintained greenery.

Forgotten Bratislava garden restored to reveal unique habitat and rich history

City plans to continue works as Prϋger-Wallner garden opened daily.


6 h
Slovak Speaker of Parliament Boris Kollár meets his Hungarian counterpart,László Kövér, in Budapest June 30, 2020.

Korčok to Hungarian representation: Weigh your words, do not disturb the reconciliation

Hungarian parliament's speaker spoke of past sins that Hungarians have not forgiven during a ceremony in south-west Slovakia.


11 h