Retail sales in Czech Republic advanced 7.0 percent year-on-year in July of 2019, up from an upwardly revised 4.8 percent increase in the prior month and beating market expectations of a 6.5 percent rise. It was the fastest rise in retail trade since January of 2018, as sales advanced faster for food, beverages & tobacco (4.1 percent vs 1.7 percent in June); non-food products (10.5 percent vs 7.8 percent) and auto fuel (7.5 percent vs 5.0 percent). On a monthly basis, retail sales fell 0.1 percent, after increasing 1.7 percent in June. Retail Sales YoY in Czech Republic averaged 3.83 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 7.90 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 5.50 in 12 months time. In the long-term, the Czech Republic Retail Sales YoY is projected to trend around 4.00 percent in 2020, according to our econometric models.