Retail Sales in Slovenia
Slovenia - Retail SalesGDP shrank at the fastest pace in nearly seven years in the first quarter as the Covid-19 fallout hammered the economy in March. Social distancing measures and closures of non-essential businesses prompted a marked downturn in household spending and fixed investment. Moreover, the economy appears to be contracting at a faster rate in Q2, as the full brunt of the containment measures hammer activity. Retail sales dropped by nearly a quarter in April, which, coupled with rising unemployment and plummeting consumer sentiment in April–May, indicates private consumption is falling more rapidly in Q2. Exports are likely shrinking faster as well, as the automotive and tourism sectors are crushed by the collapse in external demand. Meanwhile, in mid-May, the government declared the end of the epidemic in the country and partially reopened borders; all hotels reopened on 1 June in a bid to incentivize tourism.
Slovenia - Retail Sales Data
|Retail Sales (annual variation in %)||0.0||1.1||4.4||7.4||4.6|
5 years of economic forecasts for more than 30 economic indicators.
Slovenia Retail Sales Chart
Source: Statistical Office and FocusEconomics calculations.
|Bond Yield||0.30||-0.79 %||Dec 31|
|Exchange Rate||1.12||0.65 %||Dec 31|
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May 29, 2020
GDP shrank 2.3% on an annual basis in the first quarter, contrasting Q4 2019’s 1.7% expansion and marking the sharpest contraction since Q1 2013. Household spending plunged 6.4% in Q1, marking the fastest drop in seven years (Q4 2019: +1.2% year-on-year).
May 29, 2020
Consumer prices rose 0.9% over the previous month in May, after decreasing 0.9% in April.
May 11, 2020
Industrial output plummeted 7.6% in year-on-year and working day adjusted terms in March, contrasting February's 2.4% increase.
April 30, 2020
Consumer prices fell 0.9% over the previous month in April, after decreasing 0.8% in March.
April 10, 2020
Industrial output rose 2.4% in year-on-year and working day adjusted terms in February, which contrasted January's 0.9% decrease.