FX.co ★ Czech Retail Sales Growth Accelerates In June

Growth in the Czech Republic's retail sales saw an uptick in July, primarily driven by heightened demand for non-food items, according to data released by the Czech Statistical Office on Monday.

Excluding motor vehicles and motorcycles, retail sales experienced a year-on-year rise of 4.4% in June, surpassing the previous month's growth rate of 3.0%.

On a month-to-month basis, retail sales climbed by 0.7% as the second quarter concluded.

The annual growth rate for non-food product sales accelerated to 6.4% in June, up from 3.1% in May. In contrast, sales of food, beverages, and tobacco increased at a more moderate pace of 2.5%.

Retail sales of automotive fuel in specialized stores rose by 2.5%, while sales and repairs of motor vehicles and motorcycles saw a 3.1% increase.

Additionally, the data revealed a significant 22.0% rise in retail sales conducted via mail order or the internet.