Slovak retail trade increased

The retail trade in Slovakia rose by 7.8 percent in May, after the 6.5 percent increase of April, the Slovak Statistics Office told on Tuesday. Retail sales growth in May was the most favorable data since September 2008.

Analysts expected an annual growth rate of 5.9 percent in May.
The retail sales growth of 0.8 percent in May was well above the 0.2 percent increase in expert expectations.

In April, the Moody’s Investors Service improved the outlook for Slovakia’s top-rate “A2” public debt rating to positive, justifying the step with the strong growth prospects of the Slovak economy. (MTI)