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Czech July retail sales up 8.9 pct year-on-year, above expectations


Published :
Fri, 14 Sep 2007 08:43
By : Agencies
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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 +420 222 191 108

jm1/hjp/jm1/slj

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