Retail sales in Czech Republic surged 6.9 percent year-on-year in April 2019, up from an upwardly revised 4.8 percent gain in the prior month and beating market expectations of a 5.1 percent rise, as sales rebounded for food, beverages & tobacco (10% vs -3% in March) boosted by Easter holidays. Meanwhile, those of non-food products slowed (5.4% vs 11.4%) and automotive fuel (3% vs 6.9%). At the same time, retail sales over the Internet or via mail order services continued to rise sharply (20% vs 22.1%). On a seasonally adjusted monthly basis, retail trade went up 0.2 percent. Retail Sales YoY in Czech Republic averaged 3.79 percent from 2001 until 2019, reaching an all time high of 14.70 percent in October of 2001 and a record low of -6.60 percent in February of 2009.
Retail Sales YoY in Czech Republic is expected to be 7.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in Czech Republic to stand at 6.80 in 12 months time. In the long-term, the Czech Republic Retail Sales YoY is projected to trend around 4.00 percent in 2020, according to our econometric models.