Spectator on facebook

Spectator on facebook

ECONOMIC BRIEFS

Retail sales in Slovakia up 8.4% y/y in October

October retail sales in Slovakia posted a year-on-year growth of 8.4%, revealed the Slovak Statistical Office on December 6. In 1998, retails sales have moved up 9% to 310.3 billion Sk ($8.62 billion). The private sector's share of total retail sales was 96.8%.

The tourist industry in October saw 3.7% fewer foreign tourists visiting Slovakia than in the same month last year. From January to October, 28.1 million visitors arrived in Slovakia, up 3.5% y/y.

This October's industrial output was 1% higher than in October 1997. Seasonally adjusted monthly growth was 0.9% over September. Ten months into 1998, industrial production in Slovakia totaled 506.2 billion Sk ($14 billion), 5.8% up compared with the same period last year.

The output of the Slovak building industry in October dropped 21.3% y/y, to a level 10.1% lower than in September. From the beginning of the year, the output of the building industry has increased 0.4% compared to the similar period in 1997 to reach 65.5 billion Sk ($1.82 billion). The share of the private sector on the total output of the building industry was 83%.

October sales in the agricultural sector dropped 8.5% y/y. Agricultural sales for the first ten months of 1998 fell 1.5% from the same period in 1997 to 28.1 billion Sk ($780 million). The private sector's share of total agricultural sales was 95.5%.

The average nominal wage for the first ten months in the industrial sector grew 8.8% (to 9,910 Sk), 6.4% in the building industry (to 9,763 Sk), and 18% in the retail sector (to 7,907 Sk). The year-on-year increase in average real monthly wages in industry was 1.8%, while it was 10.4% in the retail sector. The building industry recorded a 1.5% fall in wages.

Top stories

12 places where you can see the works of one of the best medieval wood carvers Photo

The works of the renowned Master Paul are not limited just to Levoča.

St Geirge Curch in Spišská Sobota

Heatwaves to continue in Slovakia over the following days

More than 40 people collapsed due to hot weather on Thursday.

Jourová: Fico not fully informed on all EC’s activities on double standards

European Commission President Jean-Claude Juncker will meet with Fico to discuss double quality standards of foods on July 27 in Brussels.

European Commissioner for Justice, Consumers and Gender Equality Věra Jourová

Foreigners: Events in Bratislava Video

Tips for performances and other events in the capital between July 21 and July 30, including concerts, parties, festivals, classical music, inline skating, exhibitions and more.