Slovak Retail Trade Shrinks Marginally in October

Retail

Slovakia's retail sales fell by 0.2% year-on-year in October, easing from a 5.4% plunge in the prior month, figures from the Slovak Statistical Office (SÚSR) showed on Wednesday.

This marked the ninth consecutive month of falling in retail activity, however, it was the smallest drop since February. Trade in food, beverages & tobacco in specialized stores decreased by 13% (vs -20% in September) while in other household equipment in specialized stores fell by 9.8% (vs -16.7%).

Additionally, sales went down of other goods in specialized stores (-1.2% vs -7.9%), via stalls & markets (-8% vs -11.8%) and not in stores, stalls or markets (-6.4% vs -12%).

On the other hand, sales rebounded for non-specialized stores (1.2% vs -3%) and ICT in specialized stores (12.9% vs -14.7%), while increased for automotive fuel in specialized stores (30% vs 24.8%).

On a monthly basis, retail trade grew by 2.1% in October, reversing a 2.2% fall in September.

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