Retail sales in Czech Republic plunged 10.6 percent year-on-year in April of 2020, following a downward revised 5.6 percent drop in the previous month. It is a record decrease in retail sales amid a complete or partial shutdowns of stores due to the coronavirus pandemic. The most significant falls were seen in sales of clothing, footwear and leather goods (-81.1 percent), cultural and recreation goods (-55.1 percent), food, beverages and tobacco in specialised stores (-40.9 percent) and information and communication equipment (-28.3 percent). On the contrary, sales of goods via mail order houses or via Internet surged 47.5 percent. On a monthly basis, retail sales went down 4.8 percent.
Retail Sales YoY in Czech Republic averaged 3.74 percent from 2001 until 2020, reaching an all time high of 14.70 percent in October of 2001 and a record low of -10.60 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 July of 2020.
Retail Sales YoY in Czech Republic is expected to be -2.00 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 5.10 in 12 months time. In the long-term, the Czech Republic Retail Sales YoY is projected to trend around 4.30 percent in 2021 and 3.80 percent in 2022, according to our econometric models.