3/14/2016, 10:25 AM (Source: TeleTrader)
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Czech retail sales rose 1.2% in January

Sales in Czech Republic in retail, excluding vehicles and motorcycles, trade grew at a seasonally adjusted rate of 1.2% in January, compared to December. When adjusted for a fewer working days due to holiday season, the sales increased by 5.8% year-on-year, and unadjusted data show an increase of 4.6% in the same period, according to data from Czech Statistical Office (ČSU) published on Monday.

The highest growth of 15.4% was seen in the retail sale via mail order houses, or via the Internet. Retail sale of cultural and recreation goods in specialised stores increased by 14.9%, the highest rate since October 2008.

Sale and repair of motor vehicles increased at the rate 3.0% in January compared to December. When adjusted for calendar effects, sales rose by 10.7% in the year ending in January, while unadjusted rate stood at 7.3%.

The rate of annual inflation in Czech Republic stood at 0.4%, against the industrial production growth of 0.7%. Gross domestic product grew at pace 4.0% in the last quarter of 2015, according to data from ČSU.

At the Prague Stock Exchange, the PX index added 0.44% to 911 points. Czech stocks were also on the rise at Wiener Börse, where the CTX index rose 0.55% to 1,173 points by 10:24 a.m. CET.

The Czech koruna inched up 0.01% compared to the euro, with €1 buying 27.52 koruna at 10:24 a.m. CET.

Breaking the News / ZR