Slovak Retail Sales Slow in January

Retail

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Retail sales in Slovakia edged up 0.1% year-on-year in January, slowing sharply from a 2.7% gain in the previous month, the Bratislava-based Slovak Statistical Office (SÚSR) said in a report.

Sales accelerated for automotive fuels (45.2% vs 6.4% in December), cultural & recreation goods in specialized stores (6.1% vs -1.2%) and sales not in stores, stalls or markets (3.8% vs 0.2%).

Additionally, increases were seen but at a slower pace for ICT in specialized stores (34.1% vs 40.9%) and other goods in specialized stores (3.3% vs 17.4%).

However, it was offset by the strong decline in sales from food, beverages & tobacco (-1.7% vs 13.5%), other household equipment (-10.7% vs -3.3%), non-specialized stores (-6.2% vs 1%) and stalls & markets (-17.6% vs -2.6%).

On a monthly basis, retail sales fell 0.4%, reversing a 1.4% rise in December. 

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