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Czech retail sales surge in November

Retail

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The Czech retail sales increased further in November, data from the Prague-based Czech Statistical Office (CZSO) showed on Thursday.

Retail sales grew by a working-day 11.7 % year-on-year in November, following a 7.6% rise in October.

On an unadjusted basis, retail sales gained 13.2% annually in November. It was the strongest growth in retail activity since at least January of 2001.

Sales increased for non-food products (23.0%) and automotive fuel (8.8%) but decreased for food (-0.1%). On a seasonally adjusted monthly basis, retail sales fell by 1%, after an upwardly revised 1.7% rise in the prior month. 

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