Retail Sales in Czech Republic
Czech Republic - Retail SalesThe economy continued to grow at a healthy sequential pace in Q3 amid easing restrictions, although the year-on-year pace of expansion moderated on a waning base effect. Moving into Q4, underlying momentum has likely cooled, as consumer confidence weakened in November on elevated inflation and rising new Covid-19 cases. Moreover, the government recently tightened restrictions, likely weighing on activity. Meanwhile, five parties, ranging from the liberal-conservative Civic Democrats to the progressive Pirate Party, signed an agreement to form a new government in early November, with center-right Petr Fiala appointed as the new prime minister. The new cabinet has pledged to reduce budget deficits and strengthen pro-western ties with the EU and NATO. Due to the politically diverse nature of the coalition, economic management should not see any radical changes.
Czech Republic - Retail Sales Data
|Retail Sales (annual variation in %)||5.7||5.2||5.5||4.9||4.8|
5 years of economic forecasts for more than 30 economic indicators.
Czech Republic Retail Sales Chart
Source: Czech Statistical Office and FocusEconomics calculations.
Czech Republic Facts
|Bond Yield||1.64||-1.85 %||Dec 31|
|Exchange Rate||22.76||-0.66 %||Dec 30|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
November 24, 2021
The economic sentiment indicator, published by the Czech Statistical Office (CSO), dipped to 95.2 in November from 95.3 in October, marking the worst print since April. Consumer confidence weakened again in November, with the index plunging to 90.4 from 98.5 in October.
November 11, 2021
Consumer prices jumped 1.02% from the previous month in October, following September’s 0.17% rise.
November 8, 2021
Industrial production declined 4.1% year-on-year in working-day adjusted terms in September (August: -1.4% yoy).
November 5, 2021
At its 4 November meeting, the Board of the Czech National Bank (CNB) decided to raise the two-week repo rate by 125 basis points to 2.75%, marking the fourth consecutive hike and surprising markets on the upside.
November 3, 2021
The IHS Markit Manufacturing Purchasing Managers' Index (PMI) dropped to 55.1 in October from September's 58.0.