Slovenia’s retail trade growth slows slightly in September

Slovenia’s retail trade growth slows slightly in September
By bne IntelliNews November 1, 2017

Slovenia's retail trade turnover decreased 0.4% in September against August when it went down 0.7% against July, the Slovenian Statistical Office announced on October 30. In annual terms, retail trade maintained its positive trend increasing 7% in the ninth month of the year although this was the lowest growth rate in 2017.

Retail trade in the country is likely to keep increasing mainly thanks to higher salaries and the higher employment rate projected for the upcoming months.

According to the statistical office, the weakening in monthly terms in September was reached due to lower turnover in specialised stores with automotive fuel (by 3.8%). Compared to the previous month volume turnover was also lower in trade in food (by 0.8%), while in trade in non-food products it increased by 0.3%.

Meanwhile, in annual terms, the improvement in September was recorded thanks to an increase of food retail sales by 0.3%, with non-food products by 4.9% and in specialised stores with automotive fuel by 16%.

The latest statistical office data indicated that in January-September, volume turnover in retail trade increased by 9.9% compared to the same period of the previous year. Growth was influenced by higher turnover in both specialised stores with automotive fuel (by 24.0%) and in retail trade except automotive fuel (by 3.6%). 

Retail trade turnover in Slovenia maintained a positive trend in 2015 and 2016 after it recorded declines in 2014 (0.1% y/y) and 2013 (3.4% y/y). It increased 3.8% in 2016 against 2015, when it went up by a more modest 0.7% compared to 2014.