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Czech Retail Sales Growth Eases in April

Retail

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Retail trade in Czech Republic rose 5.3% year-on-year in April, easing from a downwardly revised 5.8% growth in the previous month and less than market forecasts of 5.5% increase, data from the Prague-based Czech Statistical Office (CZSO) showed on Wednesday.

Sales slowed for food, beverages & tobacco (3.6% vs 3.9% in March), non-food goods except fuel (7.1% vs 7.4%), automotive fuel (3.9% vs 6.3%), and other household equipment in specialized stores (0.5% vs 3%).

Moreover, trade tumbled for clothing, footwear & leather goods in specialized stores (-0.2% vs 3.9%), while it declined further for via stalls and markets (-12.6% vs -7.4%).

Meanwhile, sales grew more for information & communication equipment (0.4% vs 0%), cultural & recreation goods (2.7% vs 1.4%), medical & orthopedic goods (8.4% vs 5.5%), and via mail order houses or the internet (18.1% vs 14.4%).

On a seasonally adjusted monthly basis, retail trade tumbled 0.1% in April, reversing a 1.3% rise in the previous month.

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