Retail sales in the Czech Republic declined 8.9 percent year-on-year in March of 2020, down from a downwardly revised 7 percent rise in the previous month. It was the biggest drop in retail trade since series began in January of 2001, as sales fell sharply for non-food goods (-17.1 percent vs 9.8 percent in February). Also, food sales slowed (3.9 percent vs 5.3 percent). On a monthly basis, retail sales slid at a record 12.2 percent, following a downwardly revised 0.2 percent decrease in February.
Retail Sales YoY in Czech Republic averaged 3.80 percent from 2001 until 2020, reaching an all time high of 14.70 percent in October of 2001 and a record low of -8.90 percent in March 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 June of 2020.
Retail Sales YoY in Czech Republic is expected to be -6.10 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 0.90 in 12 months time. In the long-term, the Czech Republic Retail Sales YoY is projected to trend around 4.50 percent in 2021 and 3.80 percent in 2022, according to our econometric models.