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Czech Republic retail sales fall in December

Retail

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Retail trade in the Czech Republic expanded by 3.3% year-on-year in December of 2021, following a downwardly revised 13% jump in the previous month, according to data released by the Czech Statistical Office (CZSO).

Sales growth slowed sharply for non-food products (3.9% vs 22.7% in November) and to a lesser extent, automotive fuel (6% vs 8.9), while sales of food went up at a faster pace (1.6% vs 0.1%).

On a seasonally adjusted monthly basis, retail sales fell by 1%, after an upwardly revised 1.1% decline in the prior month.

Considering 2021 as a whole, retail sales rose by 4.4% from 2020.

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