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%.

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