Czech retail sales growth slows in May
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The Czech retail sales accelerated by a working-day 5.8% year-on-year in May, after a 7.2% fall in April, the Prague-based Statistical Office (CZSO) said in a statement Thursday.
On an unadjusted basis, retail sales gained 8.1% annually in May. Economists had expected a 9% growth.
On a month-on-month basis, retail sales excluding automobile trade rose a seasonally adjusted 7.3% in May. Sales of non-food rose 11.8% and sales of food goods grew 2%. Sales of automotive fuel increased 4%.
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