Czech retail sales drop in March
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.
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