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.The material has been provided by InstaForex Company – www.instaforex.com
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