Czech retail sales decline in January

Retail

The Czech retail sales decreased by a workdays-adjusted basis 6.5% year-on-year in January, following a 0.8% fall in December, data from the Czech Statistical Office (CZSO) showed Monday.

On an unadjusted basis, retail sales declined 9.9% annually in December. Sales were down for clothing, footwear and leather goods by 74.1%, sales for cultural and recreation goods fell 33%. In addition, trade for household equipment decreased by 23.9%, sales for food, beverages or tobacco declined by 19.3% and sales for cosmetic and toilet articles also fell by 11.9%.

On a monthly basis, retail sales sank 6.6%. In another report, the Prague-based agency on Friday said that the country's industrial production grew an annual 0.9% in January after a 2.5% increase in the previous month.

On a monthly basis industrial production decreased 0.4% in January. The statistics agency also said that the construction output decreased 5.2% annually in January. But it was higher by 4.2% from the previous month.

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