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Amended: Slovakia Retail Sales Fall 0.7%

By Midhin P.K.  ✉   | Published:   | Follow Us On Google News

Corrects the statistical office name in the first paragraph

Slovakia's retail sales declined in August after recovering in the previous month, figures from the Statistical Office of the Slovak Republic showed on Monday.

Retail sales fell 0.7 percent year-on-year in August, reversing a 0.4 percent increase in July.

Real turnover growth was recorded only by the more significant components of the industry, including hyper- and supermarkets, though their results were unable to offset the declines in most sales components, the agency said.

The most significant negative impact was the turnover decline of e-shops and mail orders by 12.5 percent and a 14.7 percent plunge in sales at food and tobacco stores.

Meanwhile, the annual sales growth in hyper- and supermarkets accelerated to 4.4 percent from 2.5 percent. Data showed that sales at specialized shops rose at a slower pace of 4.7 percent.

On a monthly basis, retail sales remained flat in August.

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