Slovak retail sales increased for the first time in four months in November 2013 rising by 1.3% y/y after a 0.8% annual drop in October, data from the country’s statistics office showed.
The increase was affected mostly by an 8.5% rise in sales of automotive fuels in specialised stores and a 6.7% hike in other household equipment sales in specialised stores.
On a seasonally adjusted monthly basis, November’s retail sales rose 1.1% after remaining flat in October.
Retail sales in the first eleven months of 2013 edged up by 0.1% y/y.
IntelliNews comment: Slovak retail sales witnessed a slight recovery in the first 11 months of 2013 after falling 1% y/y in 2012 reflecting rising real wages which grew by 1.1% y/y in the third quarter of 2013. For full-2013 we do not expect the indicator to post a significant growth given the still high unemployment rate in the country. Slovakia has one of the highest jobless rate in the European Union. It stood at 14.1% in Q3.
Related Articles
Druzhba oil flow to Slovakia and Hungary is renewed
The oil flow from the Russian Druzhba pipeline was renewed late on August 19. “The flow of oil to Slovakia is standard at the moment,” the country’s Minister of Economy Denisa Saková (Hlas) ... more
US Westinghouse could develop electricity storage site near Slovak Gabčíkovo hydroelectric power plant
US power company Westinghouse is reportedly in talks with the Slovak government to develop a new type of electricity storage site near the Gabčíkovo hydroelectric power plant (HPP) on the Danube ... more
Non-performing loans hit historic low in CESEE, but early warning signs emerge, says EBRD
Non-performing loans (NPLs) in central, eastern and south-eastern Europe (CESEE) fell to their lowest levels since the global financial crisis in 2024, but early indicators suggest rising risks ... more
Most Read
-
Renewable capacity growth is faster than ever, but more acceleration needed to meet Paris 2030 goal, says IEA
1 year ago
-
Kyrgyzstan abandons attempt to rescue Russian climber trapped on icy summit of country’s highest mountain
23 days ago
-
BERTRAND: China after Communism, preparing for a post-CCP China
1 month ago
-
Hungarian economy faces weak growth, slow path to price stability, central bank report shows
2 months ago
-
UKRAINE REMONT: The battle to build: signs of recovery in Ukraine's construction industry
5 months ago