Czech Republic Retail Sales Contract in September
Image by Pixabay
Retail trade in the Czech Republic fell by 4% year-on-year in September, slipping further from a 2.8% decline in the previous month, the Prague-based Czech Statistical Office (CZSO) said in a statement on Tuesday.
This was the seventeenth consecutive month of contraction in retail activity.
Sales continued to decrease for both non-food products (-5.9% vs -4.3% in August) and food, beverages & tobacco (-4.1% vs -3.5%). Meanwhile, sales slowed remarkably for automotive fuel (4.5% vs 5.4%).
On a seasonally adjusted monthly basis, retail sales slumped 0.4% in September, following a 0.8% drop in August.
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.