Business News

Retail sales down in August after three months of growth

Ljubljana, 28 September (STA) - Retail turnover declined by 1.6% in August on July and was 6.6% lower year-on-year. The decrease came after three consecutive months of monthly growth that followed the April slump caused by the Covid-19 lockdown, show data released by the Statistics Office on Monday.

The August decline was mainly due to lower real turnover at petrol stations (by 7.0%), while turnover in retail trade when excluding automotive fuel increased slightly (by 0.3%). Food sales were down 2.5%, while turnover in trade with non-food products was up 2.0%.

The decrease at the annual level was also the result of lower turnover in specialized stores with motor fuels (by 26.0%). Turnover in retail trade except automotive fuel increased by 3.7% - for non-food products it increased by 11.0% and for food by 4.9%.

In the first eight months of the year retail turnover decreased by 8.5% over the same period of 2019. The drop in specialized stores with motor fuels was 21.6%. Food sales decreased by 1.3%%

The Statistics Office provides separate data for trade and repair of motor vehicles. Volumes decreased by 5.1% at the monthly level, which is also the first decrease after three months of growth, while they were 1.8% higher year-on-year.

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