ADVERTISEMENT

Czech Retail Sales Continue to Shrink in August

Retail

Retail trade in the Czech Republic declined 2.8% year-on-year in August, slipping further from an upwardly revised 2.1% fall in the previous month, as sales of both food and non-food items dropped, data from the Czech Statistical Office (CZSO) showed on Friday.

Sales of food, beverages, and tobacco contracted 3.2% (vs -4.7% in July), and those of non-food products decreased by 4.1% (vs -3.8%).

At the same time, retail sales of automotive fuel in specialized stores grew 3.7% (vs 14.3%), and sales and repairs of motor vehicles and motorcycles increased notably by 7.3%.

Data also showed that retail sales via mail order or the internet advanced 3.7%.

On a seasonally adjusted monthly basis, retail sales tumbled 0.8% in August, following a 0.1% increase in the previous month.

Number of Firms Working With Unis Doubles in 10 Years Figures

Number of Firms Working With Unis Doubles in 10 Years

Hungary Backs French Initiative for Cultured Meat Review EU

Hungary Backs French Initiative for Cultured Meat Review

Regus Fészek Office Building Opens in Pécs Office Market

Regus Fészek Office Building Opens in Pécs

Lando Norris to Race With Herend Helmet at Hungarian GP Art

Lando Norris to Race With Herend Helmet at Hungarian GP

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.