Retail sales down 3.3 percent in January

Retail sales in the Czech Republic fell by 3.3 percent year-on-year in January, according to figures released on Tuesday. Analysts had expected a rather sharper fall, though one told the Czech News Agency the relatively positive result was due to a revision of older retail data by the Czech Statistics Office. Retail sales fell for four months in a row for the first time since the turn of 1998 and 1999.

Author: Ian Willoughby