Czech Retail Sales Shrink Further in July
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Retail trade in the Czech Republic fell by 1.8% year-on-year in July, following a downwardly revised 3.9% fall in the previous month, figures from the Czech Statistical Office (CZSO) on Thursday show.
Sales dropped less for both food, beverages & tobacco (-4.2% vs -5.3% in June) and non-food products (-3.6% vs -6.2%).
On the other hand, sales accelerated for automotive fuel (13.7% vs 12.5%).
On a seasonally adjusted monthly basis, retail activity rose by 0.1% in July, decelerating from a 0.3% growth in the previous month, data showed.
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