Slovak Retail Sales Fall for 1st Time in 18 Months

Retail

Retail sales in Slovakia decreased 0.3% year-on-year in August, following a 1.2% rise in the previous month, figures released by the Slovak Statistical Office (SÚSR) showed on Thursday.

It was the first month of decline in trade since February 2021, mainly due to a 3.6% fall in sales of fuels caused by high inflation (vs -8.2% in July).

Trade was also down for household equipment (-11.3% vs -10%) and cultural and recreation goods (-8.8% vs -8.7%).

On the other hand, sales went up mainly in hypermarkets and supermarkets (4.4% vs 0.5%).

On a monthly comparison basis, retail sales declined 0.6%.

ADVERTISEMENT

Voluntary Pension Fund Contributions Climb 20% in Q1-Q3 Figures

Voluntary Pension Fund Contributions Climb 20% in Q1-Q3

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

New CEO at the Helm of DDC From January Appointments

New CEO at the Helm of DDC From January

Hungarian Tourism in Croatia Returning to Pre-pandemic Level... Tourism

Hungarian Tourism in Croatia Returning to Pre-pandemic Level...

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.