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November retail sales growth in Slovakia shrank

The growth rate of retail sales slowed in November 2008. The Statistics Office of the Slovak Republic (ŠÚ) reported that retail sales grew 2.2 percent y-o-y in constant prices in November, compared with 4.6 percent in October.

The growth rate of retail sales slowed in November 2008. The Statistics Office of the Slovak Republic (ŠÚ) reported that retail sales grew 2.2 percent y-o-y in constant prices in November, compared with 4.6 percent in October.

Retail sales reached €1.441 billion in November. Outside retail outlets reported an increase of 25.3 percent; specialized retail stores grew 17.1 percent; retail sales of cosmetics and pharmaceutical products increased by 9.6 percent. But revenues in non-specialized outlets dropped by 17.6 percent and retail sales of foodstuffs shrank by 2.1 percent. For the entire January- November 2008 period, retail sales were 7.2 percent higher than the same period in 2007, according to newswire SITA wrote.

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