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July 9, 2019 1:00 pm | FILED UNDER: business

Retail Sales Declined In May

By William Malcolm

Retail sales growth slowed further in May, according to figures released by the Czech Statistical Office on Tuesday.

 

Retail sales climbed 2.7% year-on-year in May, following a 5.4% rise in April. Economists had expected sales to increase 4%.

 

Sales of food, beverages and tobacco rose 0.3% annually in May.

 

Sales of non-food products rose by 5.6%, while sales of automotive fuels in the specialized stores declined by 0.75%.

 

On a month-on-month basis, retail sales declined 1% in May.

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