In January, the growth of retail trade in the Czech Republic accelerated
n January, retail sales in the Czech Republic increased by 2.4 percent compared to a year earlier, after 1.2 percent in December, the Czech Statistical Office announced on Wednesday in Prague.
In a monthly comparison, the retail turnover in January was one percent higher than in the last month of last year.
Last December, the 19-month decline stopped and the statistics showed a moderate increase again. The growth in January was primarily determined by the continuously slowing inflation – the analysts pointed out. Lower bank interest rates also had a positive effect.
Jana Gotvaldová, director of the statistical office, pointed out at a press conference that the increase in January was primarily driven by greater interest in manufactured goods, fuels and food.
Related news
Colliers: Central and Eastern European commercial real estate market recovery continued in the first quarter
The Central and Eastern European commercial real estate market continued…
Read more >Only two EU countries have higher inflation than Hungary
The European Inflation Outlook of the Private Banker compared the…
Read more >Consumer prices in the euro area rose by 2.2 percent in April, following March
The annual inflation rate in the euro area was 2.2…
Read more >Related news
Viktor Orbán: we will introduce margin reduction for new products as well, if necessary
The margin regulation must be maintained because people must be…
Read more >Healthy meat products rich in fiber and protein have been developed in Debrecen
A new product line consisting of health-promoting, fiber- and protein-rich…
Read more >German retail sales fell month-on-month in April
In Germany, retail sales fell by 1.1 percent in real…
Read more >