Czech Retail Sales Growth Accelerates in March

Retail

Photo by maxbelchenko / Shutterstock.com

Retail trade in the Czech Republic rose 6.1% year-on-year in March, up from an upwardly revised 2.5% gain the previous month, data from the Czech Statistical Office (CZSO) showed on Thursday.

Retail sales, except motor vehicles and motorcycles, rose a calendar-adjusted 6.1% year-on-year in March, much faster than the 2.5% increase in the previous month.

Sales of non-food products grew 7.7% and those of food, beverages, and tobacco increased by 4%.

Retail sales of automotive fuel in specialized stores increased by 6.7%, and sales and repairs of motor vehicles and motorcycles climbed by 4.8%. Data also showed that retail sales via mail order or the internet advanced 14.9%.

On a seasonally adjusted monthly basis, retail trade rose 1.3% in March, rebounding from a downwardly revised 0.3% fall in the previous month. 

OTP Redeems EUR 400 mln of Green Securities Banking

OTP Redeems EUR 400 mln of Green Securities

KDNP Pulls out of EPP After Tisza Joins Elections

KDNP Pulls out of EPP After Tisza Joins

Gloster Wins EUR 15 mln BMW Contract Deals

Gloster Wins EUR 15 mln BMW Contract

Int'l Travelers to Europe Prioritize Safety, Quality This Su... Tourism

Int'l Travelers to Europe Prioritize Safety, Quality This Su...

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.