Czech Retail Sales Fall in November

Retail

Retail sales in the Czech Republic fell for a seventh straight month in November amid the strongest inflation in decades, as the rising cost of living pressures households and pushes the economy into recession.

In November, retail sales fell by an adjusted 8.7% year-on-year, from a downwardly revised 10.2% fall in the prior month, data released by the Prague-based Czech Statistical Office (CZSO) on Thursday show.

Retail sales dropped further for food as well as non-food products by 9.2% and 9.6%, respectively.

Sales of automotive fuel fell by 2.1%.

On a monthly basis, retail sales fell by 0.3% in November, following a downwardly revised 2.1% drop in October. 

ADVERTISEMENT

Third of Czechs Only Have a Minimum Financial Reserve, Surve... Analysis

Third of Czechs Only Have a Minimum Financial Reserve, Surve...

IMF Urges Hungarian Authorities to Carry out Structural Refo... Government

IMF Urges Hungarian Authorities to Carry out Structural Refo...

New CEO at the Helm of Kifli.hu Appointments

New CEO at the Helm of Kifli.hu

120,000 Guest Nights Expected From World Athletics Champions... Tourism

120,000 Guest Nights Expected From World Athletics Champions...

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.