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TABLE-Czech January retail sales rise but well above forecast
March 14, 2014 / 8:01 AM / 3 years ago

TABLE-Czech January retail sales rise but well above forecast

PRAGUE, March 14 (Reuters) - Czech retail sales rose by 6.4
percent in January, boosted mainly by car sales and other
non-food items.
    Analysts had expected January sales to rise by 3.1 percent
unadjusted year-on-year following a 5.2 percent rise in
December.   
    The statistical bureau said car sales jumped by 21.4 percent
year-on-year.
    Spending was also driven by other non-food items, including
cmputers and communications devices, clothing and shoes.
    January had the same number of working days as the same
month a year ago.
    The Czech central bank launched interventions to weaken the
crown currency to fight deflation risks on Nov.7 last year.
    Central bank Governor Miroslav Singer said in January it was
too early to judge the effects of the interventions before data
from January and February are available.
        
RETAIL SALES                 01/14    12/13    01/13   01-12/13
 Real pct change y/y          6.4      5.2     -0.4      1.0
 Automotive sales            19.7     16.8     -3.6      3.7
 Retail trade
  (incl.automotive fuel)      1.5      1.8      0.8     -0.1
 Retail trade
  (excl.automotive fuel)      1.8      2.5      1.2      0.3
    
    NOTE. All data are subject to further revision and are not
seasonally adjusted.
    Data for overall sales in the service sector are issued
quarterly. Retail sales data are released monthly.
    
 

 (Reporting by Mirka Krufova; Editing by Jan Lopatka)

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