Recently Released Market Study: Slovakia Food & Drink Report Q3 2013
We expect Slovakian consumers to continue to underperform in the course of 2013. In fact, household spending has been in decline since 2010, as consumer demand waned amid economic uncertainty and rising unemployment. Monthly retail trade - with the exception of motor vehicles - remained in negative growth territory in the first two months of 2013, according to Slovakia's statistics office, while real wages, which fell by 1.2% in 2012, continued to decline in most economic sectors over the same...
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