Slovakia Retail Sales Fall 0.7%

(RTTNews) - Slovakia's retail sales declined in August after recovering in the previous month, figures from the Statistical Office of the Republic of Slovenia 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.