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Retail sales lag behind last year's figures

Retail sales have continued to lag behind last year's reported levels with the Slovak Statistics Office reporting that retail sales in June 2011 were €1.479 billion, down 4.2 percent year-on-year, the SITA newswire reported. Compared with May, the yearly decrease deepened by 0.7 percentage points.

Retail sales have continued to lag behind last year's reported levels with the Slovak Statistics Office reporting that retail sales in June 2011 were €1.479 billion, down 4.2 percent year-on-year, the SITA newswire reported. Compared with May, the yearly decrease deepened by 0.7 percentage points.

Retail sales last registered an annual increase in June 2010. Since February 2011, the indicator had been mostly flat.

The Statistics Office attributed the lagging retail sales to lower sales of fuels in specialised outlets (-14.9 percent), sales outside stores, stalls and markets (-3.9 percent), retail sales in non-specialised outlets (-3.4 percent), and retail sales of other goods in specialised outlets (-2.8 percent).

The only growth in retail sales was seen in IT equipment in specialised outlets, by 4.2 percent, and in retail sales of other goods for households in specialised outlets, up 0.7 percent.

The wholesale sector reported sales of €1.95 billion in June, down 1.1 percent y-o-y. In monthly terms, the drop in June was 1.4 percent. In the first half of this year, retail sales totalled €8.302 billion, which was two percent less than in the same period in 2010. Wholesale sales fell 1.3 percent to €11.181 billion.

Source: SITA

Compiled by Zuzana Vilikovská from press reports
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