Czech Republic December Retail Sales Fall At Slower Pace

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Retail sales in the Czech Republic fell an unadjusted 1.9% year-on-year in December, the Czech Statistical Office said on Monday. This was better than analyst expectations for a 3% decrease and follows a 4.9% decline in the previous month.

On a seasonally adjusted basis, retail sales increased 0.9% in December at constant prices compared to November. Year-on-year, adjusted sales were down 3.9%.

In the whole of 2009, retail trade including the automotive segment decreased 4.3% compared to 2008.

Retail sales in the Czech Republic fell an unadjusted 1.9% year-on-year in December, the Czech Statistical Office said on Monday. This was better than analyst expectations for a 3% decrease and follows a 4.9% decline in the previous month. (Market News Provided by RTTNews)