Retail sales in the Czech Republic went up 6.6 percent year-on-year in March of 2021, rebounding from a downwardly revised 5.2 percent decline in the previous month and missed market expectations of a 9.0 percent jump. Still, it was the largest increase in retail activity since February of 2020, as sales increased at a faster pace for non-food products (14.3 percent vs -5.1 percent in February) and food, beverages & tobacco (0.4 percent vs -3.7 percent), while the decline in automotive fuel sales eased (-2.2 percent vs -11.2 percent). On a seasonally adjusted basis, retail trade retreated 1.6 percent, following an upwardly revised 3.1 percent gain in February. source: Czech Statistical Office
Retail Sales YoY in Czech Republic averaged 3.54 percent from 2001 until 2021, reaching an all time high of 14.70 percent in October of 2001 and a record low of -9.60 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 May of 2021.
Retail Sales YoY in Czech Republic is expected to be 0.50 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 2.10 in 12 months time. In the long-term, the Czech Republic Retail Sales YoY is projected to trend around 2.20 percent in 2022 and 3.80 percent in 2023, according to our econometric models.