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Financial News: Czech Retail Sales Grow In May

Czech Retail Sales Grow In May

07/08/2020 - 06:16:00 (RTTNews)

(RTTNews) - The Czech Republic's retail sales grew in May, data from the Czech Statistical Office showed on Wednesday.

Retail sales rose by a working-day adjusted 2.0 percent annually in May, after a 10.7 percent decline in April.

On an unadjusted basis, retail sales declined 0.7 percent year-on-year in May. Economists had expected a 6.5 percent fall.

On a month-on-month basis, retail sales excluding automobile trade rose a seasonally adjusted 11.6 percent in May.

Sales of automotive fuel accelerated 20.5 percent in May. Sales of food grew 17.7 percent and those of non-food goods gained by 2.0 percent.

Customers continued to purchase the goods mostly over the internet in May, the agency said.

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