Spectator on facebook

Spectator on facebook

Retail sales grow 6.9% in July

Slovak retail sales accelerated again in July.

Slovak retail sales accelerated again in July.

Following June's relative slowdown to 3.1 percent, retail sales grew by 6.9 percent in July, thus exceeding the level of 6.7 percent reported in May. Total retail sales in July amounted to Sk42.9 billion (€1.424 billion).

Following a drop in June, retail sales of food, beverages and tobacco increased 0.5 percent. In the January-July period retail sales rose by 9.2 percent y/y. In July, sales in the wholesale sector in current prices exceeded last year's levels by 16.7 percent. This growth dynamic reflected a 58.4-percent increase in sales of non-farm semi-finished products, 52.2-percent sales growth for machines and a 32.6-percent rise in wholesale food, beverages and tobacco. Sales in other wholesale spheres dropped 6.2 percent. 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.

Top stories

Cloud computing becomes a standard

External servers are now much more secure than local business ones, according to experts.

Slovak firms have their eyes on the cloud.

Slovaks drink less and less

Behind the decline in alcohol consumption is, for example, the abandoning of the habit of drinking at work – typical especially during communism, according to an expert.

Kiska: Even Europe has its aggressive neighbour

President Andrej Kiska addressed UN commenting poverty, instability and climate change.

President Andrej Kiska

Arca Capital enters the banking sector

Czech and Slovak financial group acquires a majority share in Austrian private bank Wiener Privatbank.

Bank, illustrative stock photo