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Financial News: Czech Retail Sales Growth At 11-Month Low

Czech Retail Sales Growth At 11-Month Low

05/07/2018 - 06:39:00 (RTTNews)

(RTTNews) - Czech retail sales growth eased further in March to the lowest level in almost a year, data from the Czech Statistical Office revealed Monday.

Retail sales, excluding automobile trade rose an unadjusted 3.7 percent year-over-year in March, slower than the 6.0 percent gain in February.

Moreover, this was the weakest rate of increase since April 2017, when sales had grown 3.3 percent.

On a calendar-adjusted basis, retail sales advanced 4.4 percent in March from a year ago.

Month-on-month, retail sales edged up a seasonally adjusted 0.1 percent at the end of the first quarter.

Retail sales, including automotive trade declined 1.8 percent yearly in March, reversing a 2.3 percent increase in the prior month. Meanwhile, it was expected to rise by 1.0 percent.

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