Retail Sales Declined In May

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.