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Retail sales slow to 3.1 pct. in June

The year-on-year growth rate of retail sales in Slovakia slowed throughout June.

The year-on-year growth rate of retail sales in Slovakia slowed throughout June.

While in May retail sales were 6.7 percent higher in fixed prices, they rose 3.1 percent year-on-year to Sk42 billion (€1.394 billion) over June, reported the Statistics Office. The growth rate was influenced mainly by the growth of retail sales outside outlets by 22.3 percent, the growth of retail sales of pharmaceutical goods and cosmetics by 18.1 percent and the growth of sales in other specialised retail outlets by 8.1 percent.

On the other hand, sales in other non-specialised outlets decreased by 7.8 percent and sales of food, beverages and tobacco went down by 1.1 percent for the first time this year. For the whole six months of this year, retail prices were 9.6 percent higher than in the same period a year ago.

In June, the growth of sales of wholesale businesses accelerated again after a slowdown of 13.3 percent in May. Wholesale business reported sales totalling Sk81.8 billion (€2.715 billion) in the sixth month, up 19.2 percent year-on-year. June development was influenced chiefly by higher sales in all basic activities, except of sales in other wholesale outlets, which dropped by 2.9 percent. The development was influenced mainly by growth of wholesale of non-farm semi finished products by 59.1 percent, wholesale of machines by 38.2 percent and wholesale of food, beverages and tobacco by 32.9 percent.

The January-June wholesale volume grew 16.5 percent year-on-year. Sales in sale and maintenance of motor vehicles reached Sk20.6 billion (€683.8 million) in June, up 3.5 percent year-on-year in fixed prices. SITA

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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