Czech retail sales fall in May

Retail

The Czech Republic's retail sales declined for the first time in fourteen months in May, data from the Czech Statistical Office (CZSO) showed on Monday.

Retail sales, except motor vehicles and motorcycles, fell sharply by a calendar-adjusted 6.9% year-on-year in May, reversing a 5.7% increase in April.

Moreover, this was the first fall since March 2021.

The annual comparison was influenced by a higher comparison basis, the Prague-based agency said.

Sales from non-food assortments were significantly higher in May last year after the release of pandemic measures.

Sales of non-food products fall 7.6%, and those of food, beverages and tobacco dropped 6.3%.

Retail sales of automotive fuel in specialized stores slid 5.2%. Sales and repair of motor vehicles and motorcycles also went down by 8.1%.

Retail sales via mail order houses or via the internet continued to decrease by 10.1%.

On a monthly basis, retail sales moved up 2.3% in May. 

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