Czech July retail sales up 8.9 pct year-on-year, above expectations |
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Published
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Fri, 14 Sep 2007 08:43 |
PRAGUE (Thomson Financial) - Czech July retail sales grew at a fast pace of 8.9 pct year-on-year on the back of growing household equipment and electronics sales, data released by the Czech Statistical Office showed today.The growth was far above market forecast of 7.70 pct and up from 7.2 pct in June.'Consumption keeps growing and the central bank will have to consider another rate hike still this year,' said Helena Horska, an analyst at Raiffeisenbank.jana.mlcochova@thomson.com +420 222 191 108jm1/hjp/jm1/sljCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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