Retail Sales in Slovakia

Slovakia Retail Sales | Economic News & Forecasts

Slovakia - Retail Sales

Economic activity slowed further in the third quarter, after a sharp downturn in Eurozone demand hampered growth in the second quarter. Industrial production contracted in Q3 as waning external demand continued to weigh on the all-important car sector. Moreover, private consumption likely faltered, given that retail sales fell at a sharper clip in Q3 than in Q2 and consumers became more pessimistic throughout the period. Meanwhile, merchandise exports contracted more rapidly in Q3 than in the previous quarter, hinting at a weak performance by the external sector. Turning to the fourth quarter, confidence of the industrial sector slumped to a 6-month low in October, reflecting a deterioration of firms’ production expectations for the final months of the year. Moreover, consumer sentiment dipped deeper into negative territory in the same month as households’ views on the broader economic situation and their personal finances in the year ahead turned more pessimistic, boding poorly for private spending.

Slovakia - Retail Sales Data

2013  2014  2015  2016  2017  
Retail Sales (annual variation in %)0.1  3.6  1.7  2.1  6.0  

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Slovakia Retail Sales Chart

Slovakia Retail
Note: Annual variation of retail sales in %.
Source: Slovakia Statistical Office (SOSR) and FocusEconomics calculations.

Slovakia Facts

Bond Yield-0.02-4.12 %Nov 21
Exchange Rate1.110.65 %Nov 21
Stock Market3430.0 %Nov 21

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