Czech February retail sales rise fastest since November

PRAGUE: Czech retail sales excluding cars and motorcycles rose by 5.1 percent year-on-year in February, the fastest since November and higher than analysts expected, the Czech Statistics Bureau (CSU) said on Friday.

Analysts had expected a 4.5 percent increase, following revised growth of 4.9 percent in January.

On a seasonally adjusted basis, retail sales rose by 0.4 percent month-on-month and increased by 5.1 percent year-on-year. February this year had the same number of working days as the same month in the previous year.