ADVERTISEMENT

Czech retail trade growth slows in August

In Hungary

Retail sales in the Czech Republic increased 3.7% year-on-year in August, easing from a 7.0% rise in the previous month, the Czech Statistical Office (CZSO) said in a statement Tuesday. 

Retail sales adjusted for calendar effects increased by 4.6% annually in August. Sales slowed for food, beverages and tobacco products (up 1% vs. 4.1% in July); auto fuel (4% vs 7.5%), and non-food products (6.6% vs 10.5%).

On a month-on-month basis, seasonally adjusted retail sales rose by 0.1%, after an upwardly revised 0.2% drop in July.

Meanwhile, the unemployment rate in the Czech Republic came in at 2.7% in September, the same as in the previous month and in line with market expectations, the Ministry of Labor and Social Affairs reported, as cited by Trading Economics. The number of unemployed decreased by 2,882 from a month earlier to 201,907.

ADVERTISEMENT

MKIK: Local business tax should be maintained Analysis

MKIK: Local business tax should be maintained

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Capital sees urban exodus during pandemic City

Capital sees urban exodus during pandemic

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.