Czech Republic's retail trade growth accelerated to 4.7 percent year-on-year in January 2019 from December's three-month low of 3.1 percent and above market expectations of 4.1 percent, mainly due to sales over the Internet or via mail order services (18.6 percent vs 15.4 percent). Also within non-food trade, sales increased for: cultural and recreation goods (22.9 percent vs 4.5 percent); clothing, footwear and leather goods (6.6 percent vs 4.6 percent); dispensing chemist, medical and orthopedic goods, and cosmetic and toilet articles (5.5 percent vs 1.3 percent); information and communication equipment (5.1 percent vs 7.3 percent); and other household equipment (0.2 percent vs 1.3 percent). In addition, food, beverages and tobacco trade rose 1.4 percent (vs 1.3 percent in December) and automotive fuel sales increased 2.9 percent (vs 0.6 percent in December). Retail Sales YoY in Czech Republic averaged 3.77 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 3.70 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 2.60 in 12 months time. In the long-term, the Czech Republic Retail Sales YoY is projected to trend around 2.20 percent in 2020, according to our econometric models.