Czech Retail Sales Fall in December

Retail

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The Czech Republic's retail sales continued its declining trend in December, data from the Prague-based Czech Statistical Office (CZSO) showed on Tuesday.

Retail sales, except motor vehicles and motorcycles, fell a calendar-adjusted 7.3% year-on-year in December, slower than the 8.9% fall in November.

Sales of food, beverages, and tobacco contracted 7% annually in September, and those of non-food products decreased by 11.2%.

Retail sales of automotive fuel in specialized stores declined 10.2% and sales and sales of non-food products, except fuel, dropped 7.5%. Data also showed that retail sales via mail order or the internet deteriorated by 10.6%. Compared to the previous month, retail sales dropped 0.7% in December.

In 2022, overall retail sales logged a negative growth of 3.6% compared to 2021.

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