Retail sales in the Czech Republic increased by 4.8 percent last year

Compared to last year, retail sales in the Czech Republic increased by 4.8 percent – the Czech Statistical Office (CSÚ) announced on Tuesday in Prague.

A year before, in 2017, retail sales growth was 5.6 percent. The rise in turnover has been going on for the fifth year in the Czech Republic, where retail sales do not include car sales.

According to financial analysts, the growth of the Czech economy was driven by increasing household consumption last year. Experts expect a very strong retail turnover growth this year, but at a lower pace than in last year. (MTI, Kokes János)