Thursday, August 14, 2008

Czech Producer Prices Rise Again In July While Retail Sales Expand Slightly In June

Czech industrial producer prices increased by 0.1% m-o-m in July and by 5.2% year on year. Prices went up the most significantly in ‘basic metals, fabricated metal products’ by 1.8%, in ‘chemicals, chemical products and man-made fibers’ by 1.7% and in ‘food products, beverages and tobacco’ by 0.4%, mainly in ‘animal and vegetable oils and fats’ by 2.8%. Prices went down particularly in ‘coke, refined petroleum products’ by 1.6% and in ‘transport equipment’ by 1.3%.

In June 2008, export prices decreased by 1.8%, import prices by 1.2%, month-on-month. Year-on-year, export prices fell by 8.1% and import prices by 5.7%.

Retail Sales

In June, seasonally adjusted retail sales (except automotive) grew by 0.4% month-on-month at constant prices and by 2.7% year-on-year (not seasonally adjusted by 1.4%). The biggest contribution to the growth of sales came from the sale of furniture, lighting equipment and household articles, electrical appliances, radio and television goods, hardware, paints and glass in specialized stores. In the automotive segment, seasonally adjusted sales increased by 1.7%, m-o-m, at constant prices, by 2.9% year-on-year and not seasonally adjusted by 2.6%. SA sales in hotels and restaurants dropped by 0.6%, m-o-m, and NSA sales were 2.7% down, year-on-year.

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