Slovakia retail sales fall drastically in January 

Retail

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Slovakia's retail sales declined at the fastest pace on record in January, figures from the Slovak Statistical Office (SÚSR) showed last week.

Retail sales decreased 16.8% year-on-year in January, following a 0.6% fall in December. It is the biggest plunge in retail sales on record, due to the coronavirus pandemic.

Sales at stalls and markets declined the most by 51.5% annually in January.

Sales of culture and recreation goods, and other household equipment decreased by 44.4% and 34.4%, respectively. Sales of food, beverages and tobacco declined 20.3% and those of specialized stored fell by 20.2%. On a monthly basis, retail sales declined 9.5%. 

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