Retail sales start to recover

Retail sales are starting to show year-on-year growth in Slovakia, with the Statistical Office SR reporting that sales had increased by one percent year-on-year in June to EUR 1.471 billion.

Although not a great hike, this is the highest year-on-year growth seen since the end of 2008. In May, for example, retail sales were down 3.1 percent year-on-year.

The situation in wholesale is better, as the sector enjoyed year-on-year growth for the fifth month in a row in June, which saw sales rise 3.1 percent to EUR 1.972 billion.

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