Spectator on facebook

Spectator on facebook

Retail sales in Slovakia in October fell by 1.8 percent year-on-year

Retail sales in Slovakia are continuing their year-on-year slump. According to data from the Slovak Statistics Office (ŠÚ), in October they fell by 1.8 percent to €1.543 billion. In September they fell by 1.7 percent; the last time retail sales saw annual growth was in May. For the first ten months of this year, retail sales reached €14.666 billion, down 0.5 percent from the same period of last year. In monthly terms, retail sales fell 0.9 percent between September and October.

Retail sales in Slovakia are continuing their year-on-year slump. According to data from the Slovak Statistics Office (ŠÚ), in October they fell by 1.8 percent to €1.543 billion. In September they fell by 1.7 percent; the last time retail sales saw annual growth was in May. For the first ten months of this year, retail sales reached €14.666 billion, down 0.5 percent from the same period of last year. In monthly terms, retail sales fell 0.9 percent between September and October.

The development of retail sales in annual terms was influenced by lower retail sales of other household equipment in specialised stores by 3 percent, in retail trade outside stores, stalls or markets by 2.7 percent and in retail sales of other goods in specialised stores by 2.6 percent. Sales increased only in retail of motor fuels in specialised outlets by 1.3 percent. Retail sales in Slovakia have been declining for three years, the SITA newswire wrote. The sector suffered from the impact of the economic crisis as well as from shopping tourism, resulting in 2009 in a year-on-year drop in retail sales of over 10 percent. Retail sales fell again in the following two years, in 2011 by 2.8 percent. Consumer demand currently shows little signs of a revival, say market analysts.

Source: 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

Third anti-corruption march drew thousands Photo

The only demand that has been met to date is the abrogation of Vladimír Mečiar’s amnesties by parliament.

The anti-corruption march

Ballet legend Sergei Polunin will be guest of SND

The world-renowned personality of contemporary ballet will present two choreographies at the Slovak National Theatre in September.

Sergei Polunin

Voters don’t understand self-governing regions

Rules for regional elections change, which may bring some surprising victories.

One of the biggest fights is expected in Banská Bystrica Region.

Blog: In Slovakia, tradition is key

The year round, the calendar is filled to the brim with traditional habits, happenings that seem to go back centuries.

Traditional "vinobranie" event in Pezinok.