Slovak Retail Trade Drops in February

Retail

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Retail sales in Slovakia fell 2.5% year-on-year in February, reversing a 0.1% increase in the prior month, figures from the Slovak Statistical Office (SÚSR) showed on Tuesday.

Decreases in sales were recorded in stalls & markets (-25.2% vs -17.6% in January), other household equipment in specialized stores (-19.3% vs 10.7%), food, beverages & tobacco in specialized stores (-7.2% vs 1.7%), other goods in specialized stores (-2.4% vs 3.3%), sales not in stores, stalls or markets (-2.1% vs 3.8%) and non-specialized stores (-4.3% vs -6.2%).

At the same time, sales slowed down for ICT in specialized stores (18.9% vs 34.1%), automotive fuel in specialized stores (43.1% vs 45.2%), and cultural and recreational goods in specialized stores (5.1% vs 6.1%).

On a monthly basis, retail sales dropped 0.6%, following a 0.4% fall in January.

A separate report from the Bratislava-based agency showed that the country's industrial production shrank 4.7% year-on-year in February, although easing from an 8.6% fall in the previous month.

On a seasonally adjusted monthly basis, industrial output increased by 2.3% in February, recovering from a 1.5% fall in the previous month.

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