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Slovakia Retail Trade Falls in September

Analysis

Photo by maxbelchenko / Shutterstock.com

Retail sales in Slovakia shrank 5.4% year-on-year in September, slipping further from a 2.1% decrease in the previous month, figures from the Bratislava-based Slovak Statistical Office (SÚSR) showed on Wednesday.

It was the eighth consecutive month of decline and the steepest fall since May. Sales decreased in most components: food, beverages & tobacco in specialized stores (-20% vs -6.8% in August), other household equipment in specialized stores (-16.7% vs -9.1%), ICT in specialized stores (-14.7% vs -10.5%), not in stores, stalls or markets (-12% vs 2.8%), via stalls and markets (-11.8% vs -9.9%), other goods in specialized stores (-7.9% vs -5%), cultural & recreation goods in specialized stores (-5.4% vs 2.6%), and in non-specialized stores (-3% vs -3%).

Meanwhile, sales growth slightly eased for automotive fuel in specialized stores (24.8% vs 25%). On a monthly basis, retail trade dropped 2.2% in September, the first decline in five months, data show ed.

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