Slovak Retail Trade Shrinks Marginally in October
Slovakia's retail sales fell by 0.2% year-on-year in October, easing from a 5.4% plunge in the prior month, figures from the Slovak Statistical Office (SÚSR) showed on Wednesday.
This marked the ninth consecutive month of falling in retail activity, however, it was the smallest drop since February. Trade in food, beverages & tobacco in specialized stores decreased by 13% (vs -20% in September) while in other household equipment in specialized stores fell by 9.8% (vs -16.7%).
Additionally, sales went down of other goods in specialized stores (-1.2% vs -7.9%), via stalls & markets (-8% vs -11.8%) and not in stores, stalls or markets (-6.4% vs -12%).
On the other hand, sales rebounded for non-specialized stores (1.2% vs -3%) and ICT in specialized stores (12.9% vs -14.7%), while increased for automotive fuel in specialized stores (30% vs 24.8%).
On a monthly basis, retail trade grew by 2.1% in October, reversing a 2.2% fall in September.
Erste Bank Hungary Q1 Earnings Close to HUF 29 bln
Hungary Welcomes Extension of China's Visa Exemption Policy
Living's Kassák Terrace and Park West 3 Classified as Brownf...
Aldi Opening Biggest Store in Budapest
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
