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Financial News: Czech Retail Sales Growth Slows In July

Czech Retail Sales Growth Slows In July

09/05/2017 - 06:58:00 (RTTNews)

(RTTNews) - Czech retail sales growth eased in July after accelerating in the previous two months, figures from the Czech Statistical Office showed Tuesday.

Retail sales, excluding automobile trade advanced an unadjusted 4.6 percent year-over-year in July, slower than the 6.9 percent rise in June. Retail trade of automotive fuel alone grew 6.5 percent annually in July and sales of food, beverages and tobacco in specialized stores increased by 2.0 percent.

On a calendar-adjusted basis, retail sales climbed the same 4.6 percent in July from a year ago.

Retail sales, including sales of automotive trade rose at a slower pace of 2.5 percent annually in July, after a 4.7 percent drop in the prior month. Meanwhile, Economists had expected the growth to accelerate to 6.0 percent.

Month-on-month, retail sales decreased a seasonally adjusted 1.0 percent in July.

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