RTTNews - Thursday, the Czech statistical office said in a report that the retail sales dropped 4.9% year-over-year in June, compared with a 7.5% fall in the previous month. This was the ninth consecutive month of decline in retail sales. Economists had expected an increase of 4.5%.
Retail sales including automotive segment decreased a seasonally adjusted 1.1% on a monthly basis in June and it was down 5.8% from last year.
The statistical office said the seasonally adjusted sales in sale and repair of motor vehicle fell 1.4% compared to the previous month and it dropped 14% annually. Meanwhile, retail sales including sale of automotive fuel decreased 0.9% from May and 2.2% fall compared to the previous year.
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