“Year-over-year retail sales in September declined for the fifth consecutive month. Compared to the previous month, the decline in food, non-food and fuel sales eased. Fewer merchandise than last year were sold in all. types of store assortment, with the exception of pharmaceutical and healthcare stores. Their sales have been growing continuously for eighteen months, “said Jana Gotvaldová, head of CZSO’s trade, transport and services statistics department, of September data.
Sales of non-food items fell by 5.8 percent year-on-year, food items by 5.3 percent and fuel by 6.1 percent.
According to the CZSO, online and mail order store sales fell by 3.6%.
“Due to the sharp rise in prices, there is a reduction in consumption, which has a negative effect on the sales of merchants. People are even more oriented towards special offers and often prefer to buy the cheaper variants of the products offered,” he said. stated Štěpán Křeček, chief economist at BHS, according to which we can expect that the growth of the economy will continue to slow and we can also expect a recession.
The year-over-year decline in merchant sales continues
Economic
