Czechia’s retail sales declining for 17 consecutive months

Retail sales in Czechia have been declining year-on-year for 17 consecutive months, according to data published by the Czech Statistics Office on Tuesday.

In September, the decline accelerated to 4.0 percent from a 2.8 percent decrease in August. On a month-on-month basis, retail sales fell by 0.4 per cent in September.

Czech consumers spent less especially on non-essential consumer goods and food. On the contrary, sales of fuels in September continued to grow.