Czech retail trade growth accelerated to 6.4 percent year-on-year in October 2018 from an upwardly revised 1.5 percent in the previous month and above market expectations of 5 percent. Sales of non-food goods led growth (11.2 percent vs 3.1 percent in September), followed by fuel (5.4 percent vs 1.7 percent) and food, beverages & tobacco (0.7 percent vs -0.5 percent). Retail Sales YoY in Czech Republic averaged 3.76 percent from 2001 until 2018, 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 4.00 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 3.16 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.