Slovak Retail Trade Shrinks Less in August

Retail

Retail sales in Slovakia fell by 2.1% year-on-year in August, easing from a 4.4% plunge in the prior month, data released by the Bratislava-based Slovak Statistical Office (SÚSR) showed on Wednesday.

This marked the seventh consecutive month of falling in retail activity but it was the smallest drop since February. Trade decreased in non-specialized stores (-3% vs -4.3% in July), household equipment in specialized stores (-9.1% vs -12.8%), food, beverages & tobacco (-6.8% vs -10.9%) and specialized stores (-5% vs -6.9%).

Sales rebounded for not in stores, stalls or markets (2.8% vs -2%) while rose softer for automotive fuel (25% vs 33.1%) and cultural & recreation goods (2.6% vs 4%).

On the other hand, there were sharper declines in sales for ICT in specialized stores (-10.5% vs 15.6%) and via stalls & markets (-9.9% vs -5%). On a monthly basis, retail trade increased by 1.7%, following a 0.9% gain in July.

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