Czech retail sales accelerate in October

Retail

The Czech retail sales accelerated by a working-day 7.2% year-on-year in October, following a 3.5% growth in September, figures from the Czech Statistical Office (CZSO) showed on Monday.

Retail sales accelerated by a working-day 7.2% year-on-year in October, following a 3.5% growth in September. On an unadjusted basis, retail sales gained 5.6% annually in October.

On a month-on-month basis, retail sales excluding automobile trade rose a seasonally adjusted 1.4% in October. Sales of non-food rose 1.9% and sales of food goods gained 0.2%. Sales of automotive fuel increased 2.6%.

In a separate report, the Prague-based statistics agency said the average gross monthly wage in the third quarter of this year rose by 5.7% to CZK 37,499 (appr. EUR 1,474).

In real terms, taking into account inflation the average wage only rose by 1.5%. The median wage, midway between the highest and the lowest levels, was CZK 32,979 (EUR 1,296). Two-thirds of Czechs earn less than the average wage.

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