Czech retail sales drop in March

Figures

Photo by Kojin / Shutterstock.com

The Czech Republic’s retail sales dropped in March, data from the Czech Statistical Office (CZSO) shows. Retail sales fell by working-day adjusted 9.3% annually in March, after a 3.5% rise in February. 

Shopping in Brno, Czech Republic. Photo by Kojin / Shutterstock.com

In January, retail sales grew 4.9%. On an unadjusted basis, retail sales fell 8.9% year-on-year in March. Economists had expected a 9% fall. On a month-on-month basis, retail sales fell 12.2% in March.

Sales of automotive fuel dropped by 15.8% and those of non-food goods declined by 22.7%. Meanwhile, sales of food increased by 3.2%. Sales were influenced by measures taken to prevent the spread of COVID-19 which led many stores with mostly non-food goods to close or limit their operation, the Prague-based agency said.

The most significant annual decrease in sales occurred in stores with clothing, footwear and leather goods by 64.9%, the CZSO said on May 6.

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

BFK developing regional cycling strategy City

BFK developing regional cycling strategy

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.