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Slovak Retail Sales Drop in April

Retail

Retail sales in Slovakia fell 10.1% year-on-year in April, the largest contraction since February 2021, following a 6% fall in the previous month, according to figures from the Slovak Statistical Office (SÚSR).

Sales dropped at faster pace for stalls & markets (-29.6% vs -21.5% in March), food, beverages & tobacco in specialized stores (-16.1% vs -9.3%), sales not in stores, stalls or markets (-13.6% vs -4.3%), other goods in specialized stores (-8.6% vs -4.9%), non–specialized stores (-9.8% vs -5.8%).

At the same time, sales of automotive fuel in specialized stores continued to ease (29.1% vs 30.3%).

Meanwhile, sales rebounded for cultural & recreational goods in specialized stores (0.3% vs -0.5%), while fell softer for other household equipment in specialized stores (-21.8% vs -24.3%). On a monthly basis, retail activity slumped 5% in April, following a 0.2% fall in the previous month.

A separate report from the Bratislava-based statistics agency showed, that Slovakia's gross domestic product (GDP) expanded 1% annually in the first quarter of 2023, revised slightly higher than the flash estimate of 0.9%, but easing from a 1.2% rise in the fourth quarter of 2022.

On a seasonally adjusted quarterly basis, the economy expanded 0.3%, the same as in the previous two quarters. 

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