BRATISLAVA, January 5, (WEBNOVINY) — The downward trend from previous months continued in November 2011 and retail sales in Slovakia thus sank further in annual terms. The y/y plunge softened by 0.1 percentage points from October to 3 percent. Regarding the eleven-month period, retail sales dropped in annual terms every single month but February. Retail sales in November 2011 represented EUR 1.504 billion, down 0.2 percent m/m. Eleven-month retail sales amounted to EUR 15.788 billion, which was a 2.8-percent y/y decrease, the Statistics Office of the Slovak Republic reported.
The Statistics Office ascribes the y/y sales decline to a 14.7-percent decrease in retail sale of motor fuels at specialized outlets, a 3.4-percent fall in sales at non-specialized outlets and a 0.35-percent drop of retail sale of other goods at specialized outlets. Retail business with goods used for culture and relaxation grew 32.7 percent and retail sales of ICT equipment at specialized outlets bolstered 7.3 percent.
Wholesale business posted revenues of EUR 2.109 billion in November on a 0.4-percent y/y decline. Wholesale intermediation fell by 1 percent, wholesale of goods for households dropped 0.4 percent and other specialized wholesale sank by 0.3 percent. Wholesale revenues grew 4.3 percent in monthly terms and while the result for the entire eleven-month period slipped by 0.7 percent to EUR 21.13 billion.
Retail sales in 2010 slumped by 2.2 percent to EUR 17.3 billion. Except for March and June 2010, the indicator slumped in a year-over-year comparison in every month of 2010.
SITA
