Slovakia retail sales surge in April

Image by Pixabay

Slovakia's retail sales increased 11.5% year-on-year in April, following a 0.3% rise in March, figures from the Slovak Statistical Office (SÚSR) showed on Friday.

Sales of culture and recreation goods increased 86.6% yearly in April. Sales of information, communication, technology, and other household equipment grew by 14.7% and 35.6%, respectively.

Meanwhile retail trades of other goods in specialized stores grew 25.1% and those of stores, stalls and market rose by 15.4%. On a monthly basis, retail sales rose 3.0% in April. On another report SÚSR said that Slovakia's gross domestic product (GDP) grew 0.2% year-on-year in the first quarter of 2021, below a preliminary estimate of a 0.3% expansion and following a 2.1% contraction in the previous quarter.

On a seasonally adjusted quarterly basis, the economy shrank 2%, more than earlier estimates of a 1.8% drop. Separate data from the Bratislava-based statistical office showed that the jobless rate was 7.1% in the first quarter.

Deals

Watchdog Clears Mevinvest Buyout Offer for Akko Invest

Podcasts

Bridging the Gap Between Military, Civilian Innovations

Int'l Relations

Hungary Grants Emergency Aid for Internally Displaced People in Lebanon

Debt

Hungary’s General Gov’t Deficit at 3.7% of GDP in H1 2024

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.