Retail sales in the Czech Republic were flat year-on-year in June of 2020, following an upwardly revised 1.9 percent fall in the prior month and missing market expectations of a 3.6 percent growth. The increase in sales of non-food products (4.7 percent vs 3.1 percent in May) was offset by declines in those of food, beverages & tobacco (-3.3 percent, the same pace as in May) and automotive fuel (-8.4 percent vs -17.8 percent). On a monthly basis, retail trade increased 0.2 percent. In the second quarter of the year, retail activity shrank 4.1 percent compared with a 1.8 percent growth in the previous quarter.
Retail Sales YoY in Czech Republic averaged 3.72 percent from 2001 until 2020, reaching an all time high of 14.70 percent in October of 2001 and a record low of -10.50 percent in April of 2020. This page provides - Czech Republic Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news. Czech Republic Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020.
Retail Sales YoY in Czech Republic is expected to be -2.00 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 5.10 in 12 months time. In the long-term, the Czech Republic Retail Sales YoY is projected to trend around 4.30 percent in 2021 and 3.80 percent in 2022, according to our econometric models.