Following a long period of year-on-year (y-o-y) increases, retail revenues in Slovakia decreased for the third consecutive month in October, going down by 4.4%, the Statistics Office reported on Monday. Six of the nine monitored retail segments show drops in revenues in fixed prices.
The overall result was mainly influenced by falls in segments that are most important in terms of their share. Revenues of hypermarkets and supermarkets dropped for the second month in a row, falling 2.4% in October. Although petrol stations recorded high nominal growth in sales, their revenues in fixed prices were more than 5% lower than in the same month of 2021 due to extreme price growth. Meanwhile, revenues in the sale and repair of motor vehicles and motorcycles grew by 8.6% y-o-y in October.
In a monthly comparison, revenues in wholesale rose by 1.1% and those in pubs and restaurants by 2.3%. Revenues in the sale and repair of motor vehicles declined by 1.5%, in retail by 1.7% and sales of accommodation facilities went down by 7.5% from September.
In the first ten months of the year, all segments of domestic trade posted growth in revenues when compared to the same period of 2021. Revenues of accommodation facilities grew by 81.1%, but the figure still fell short of the one seen before the pandemic (in the first ten months of 2019). Double-digit growth in revenues was also reported by wholesale and by pubs and restaurants. Revenues in retail rose by 5.1%, while those in the sale and repair of motor vehicles went up by 5.8%.
Source: TASR
