Czech retail sales down by 0.5 percent in January

Czech retail sales, both adjusted and non-adjusted for working days, fell by 0.5 percent year-on-year in January, compared with a drop of 4.9 percent in the previous month, the Czech Statistical Office said on Thursday. The result was affected mainly by lower sales in the automotive segment, while a growth in the retail trade segment moderated the fall. Adjusted for seasonal influences, sales in retail trade, including sale and repair of motor vehicles, increased by 0.4 percent at constant prices month-on-month in January.