Czech Retail Sales Fall in February

Retail

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Retail trade in the Czech Republic declined by 6.4% year-on-year in February, below market forecasts of a 7% fall, and following an upwardly revised 6.8% drop in the previous month, data released by the Czech Statistical Office (CZSO) showed on Wednesday.

It was the tenth consecutive month of decline in retail activity but the softest fall since September last year, as sales decreased less for non-food products (-7.1% vs -8.3% in January).

Meanwhile, sales slowed down for automotive fuel (0.3% vs 1.2%), while it dropped further for food, beverages and tobacco (-7.6% vs -6.9%).

On a seasonally adjusted monthly basis, retail sales decreased by 0.4%, reversing an upwardly revised 0.8% rise in January. 

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