Prague – The Czech Statistical Office will publish today how Czech retail did in July. Retail sales in June fell by six percent year-on-year, they were higher by 0.2 percent month-on-month. According to analysts, in the second half of the year, due to high inflation and rising living costs, retailers must expect a further decrease in sales.
Economists agreed that the June data showed people’s efforts to save. According to some analysts, this was most noticeable in food sales. In non-specialized stores with a predominance of food, they fell by 5.5 percent year-on-year in June, while specialized food stores worsened by 4.5 percent.
Sales at clothing and footwear stores fell by 13.3 percent, sporting goods stores took in almost 12 percent less, electronics stores had sales down by 11.3 percent, and home goods stores saw a decline of about ten percent.
The sales of online stores fell for the sixth month in a row, but the decline slowed significantly in June. While in previous months it was higher than ten percent, in June it was 2.8 percent.
Sales and repairs of motor vehicles fell by 7.2 percent year-on-year. People spent less both on buying cars, including spare parts, and on repairs.
economy market sales July-CZSO